Korea FTC Hits Hyundai Mobis With $11M Fine

Law360, New York (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....
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