Wednesday, February 22, 2012

title pic Samsung suffered grievous penalty as a result of manipulating display price

Posted by admin on December 15, 2011

Samsung suffered grievous penalty as a result of manipulating display price

According to foreign media reports, south Korea Fair Trade Commission (Korea Fair Trade Commission, KFTC) to the four a CRT display manufacturers of 54.519 billion won ($48 million) the surcharge, the cause of these companies in collusion price fixing.

South Korea fair trade commission found that Samsung Corning Precision Materials company (Samsung Corning Precision Materials Co., Ltd.; SCP), Japan (electrical son (Nippon Electric Glass) and the corporate Malaysia branch company, Hankuk Electric Glass company to conform to pricing and decrease the output of the CRT display, from March 1999 to January 2007, they’ve been in place for just about eight years inside the agreement. South Korea fair trade commission also found that the trade union CRT display plot seriously affected the south Korean market.

According to the fair trade commission in South Korea, the CRT display maker agreed to pricing and decrease production, these producers have in March 1999 to January 2007 in numerous countries, including South Korea, Japan, Singapore and other countries held a minimum of 35 a secret meeting.

In addition, in addition they agreed during the set price cut amount (or markups) to CRT display of pricing, allocation of main customers which includes Samsung SDI company (Samsung SDI Co.) market share, and thru the closed CRT monitor production line to chop production. The CRT display manufacturers exchange commercial confidential information, equivalent to sales of the CRT display, production, market share and to accomplish and supervise the implementation of the agreement.

The fair trade commission in South Korea’s decision to foreign competition with the authorities in March 2009 a joint survey results, foreign competition authorities including the ecu commission.

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