The day before yesterday, the Korean anti-monopoly regulator announced a fine of 194 billion won (approximately 1.2 billion yuan) on 10 Asian LCD panel makers, which was the highest in the history of South Korea. The 10 penalized companies in the global market share of LCD panel market reached 80%, including South Korea's Samsung (microblogging), LGDisplay, and Taiwan's AU Optronics, Chi Mei Optoelectronics 4 before the global LCD panel shipments 5 giants.
The Korea Fair Trade Commission said in a statement that companies such as Samsung, LG Display, AUO, and Chi Mei have secretly held bilateral or multilateral meetings every two months between 2001 and 2006 to discuss how to avoid countermeasures that may lead to price plunges caused by oversupply of panels. . The Korea Fair Trade Commission said that these manufacturers have decided the timing and scope of price cuts for thin film transistor (TFT) LCD panels. In addition, these companies also conspired to suspend production, thereby adjusting the market supply and demand, and even to prevent the price of the panel plunge, to the media to spread the market supply shortage of false news. "They have jointly boosted the prices of computers, laptops and TVs and caused consumers' rights and interests to suffer."
This time, the global panel leader Samsung and its overseas branches were fined 97.2 billion won (about 580 million yuan), the highest amount. LG Display and its overseas branches were second place with a penalty of 65.5 billion won (approximately 390 million yuan). Samsung said yesterday that the penalty, but LGDisplay decided to appeal to the court.
The Korea Fair Trade Commission said in a statement that companies such as Samsung, LG Display, AUO, and Chi Mei have secretly held bilateral or multilateral meetings every two months between 2001 and 2006 to discuss how to avoid countermeasures that may lead to price plunges caused by oversupply of panels. . The Korea Fair Trade Commission said that these manufacturers have decided the timing and scope of price cuts for thin film transistor (TFT) LCD panels. In addition, these companies also conspired to suspend production, thereby adjusting the market supply and demand, and even to prevent the price of the panel plunge, to the media to spread the market supply shortage of false news. "They have jointly boosted the prices of computers, laptops and TVs and caused consumers' rights and interests to suffer."
This time, the global panel leader Samsung and its overseas branches were fined 97.2 billion won (about 580 million yuan), the highest amount. LG Display and its overseas branches were second place with a penalty of 65.5 billion won (approximately 390 million yuan). Samsung said yesterday that the penalty, but LGDisplay decided to appeal to the court.
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