We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Korea FTC Hits Hyundai Mobis With $11M Fine

Law360 (March 19, 2009, 12:00 AM EDT) -- South Korea's antitrust regulator has reportedly slapped Hyundai Mobis Co., the country's largest auto parts maker, with an $11 million fine for what the commission says are unfair trading practices.

The Korea Fair Trade Commission imposed the penalty on Hyundai Mobis — an affiliate of Hyundai Motor Co. that supplies auto parts to that company and Kia Motors Corp., among others — for using its dominant position in the market to discourage local auto parts retailers from selling products of other makers, Dow Jones reported Thursday....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.