Hyundai Motor To Face New Probe In South Korea

Law360, New York (February 15, 2007, 12:00 AM EST) -- The Korean Fair Trade Commission has once again launched a probe into Hyundai Motor Co. for possible anti-competitive activity, this time because the auto maker allegedly used its dominant market position to set excessively high domestic prices.

Complaints lodged with the KFTC allege that Hyundai’s Grandeur 3.8 car model is selling at about twice the price in South Korea than it is in the United States, according to a local news provider.

The new investigation comes less than a month after the KFTC imposed a fine...
To view the full article, register now.