Printed from http://www.electronista.com

Korean FTC sues LCD makers over price fixing

updated 08:30 am EDT, Fri August 12, 2011

Korean FTC sues Taiwanese, Korean, Japan makers

The Korean Fair Trade Commission (KFTC) has sued several LCD panel makers over alleged price-fixing. The panel makers accused of anti-trust practices include Chimei Innolux, AU Optronics, Hannastar Display and Chunghwa Picture Tubes from Taiwan. Companies from Korea and Japan have also been accused of the same offences and include, Samsung, LG Display, as well as Sharp.

The KFTC has alleged that all the companies named have breached competitive practices and have colluded on setting prices to protect their profits at the expense of consumers.

The KFTC has not decided how much the fines will be at this stage, while the accused parties are also considering how they will respond to the allegations. [via Digitimes]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News