Printed from http://www.electronista.com

Korea investigates 10 companies for LCD price fixing

updated 08:25 pm EDT, Thu September 22, 2011

Scope of investigation larger than expected

South Korea's antitrust regulator, the Fair Trade Commission (FTC), has detailed the scope of an investigation into alleged price fixing by LCD manufacturers. The FTC is investigating a total of ten vendors. Last month, it revealed that it had found that Samsung, LG, and Chimei Innolux had colluded to fix LCD panel prices.

The FTC has not yet imposed penalties on these three display makers. It has also not divulged the identities of the seven other manufacturers under investigation. The reach of the investigation isn't limited to South Korean companies, however. Vendors from other countries, including Taiwan, are also under scrutiny.

The FTC investigation follows on the heels of a similar investigation by European regulators who, in December, found six LCD makers had colluded for almost five years. Those vendors were fined a total of 649 million ($881 million).

LCD display makers are not the only component manufacturers under investigation. The FTC, in a separate investigation, is also probing possible anti-competitive practices by five TV tube creators.



By Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung SmartCam HD Pro

Keeping an eye on the home while out and about these days is common practice, assisted by modern technology. Internet cameras became p ...

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

Sponsor

toggle

Most Commented

 
toggle

Popular News