Competition Regulator Fines Samsung $12M
The Korean Fair Trade Commission said on Thursday that it had fined Samsung 11.58 billion won ($12.2 million) for pressuring subcontractors to lower their prices. The KFTC also fined two individual Samsung executives 20 million won ($21,000) each for failing to cooperate with the investigation.
The fine relates to companies that Samsung hires to provide the parts for its mobile...
To view the full article, register now.