Samsung and other operating displays are subject to heavy penalties

According to foreign media reports, the Korea Fair Trade Commission (KFTC) imposed a total of 5,451,900 won (approximately US$48 million) in surcharges on the four major CRT display manufacturers due to the collusion of these companies. price.

Korea Fair Trade Commission found that Samsung Corning Precision Materials Co., Ltd. (SCP), Nippon Electric Glass, and its Malaysian subsidiary, Hankuk Electric Glass, agreed to price and reduce CRT monitors. Production, from March 1999 to January 2007, they have implemented nearly 8 years of agreement. The Korea Fair Trade Commission also found that the conspiracy of the CTR monitor's peer alliance has seriously affected the Korean market.

The additional fees are as follows:

Samsung Corning Precision Materials Co., Ltd.: 325,200,000 won.

Hankuk Electric Glass Company: 18,180 million won.

Nippon Electric Glass Co., Ltd.: 371.2 million won.

Japan Electric Glass Malaysia Branch: 37 million won.

According to the Korean Fair Trade Commission, manufacturers of CRT monitors agreed to price and reduce production. These manufacturers had held at least 35 private meetings in different countries including South Korea, Japan, and Singapore from March 1999 to January 2007. .

In addition, they also agreed to price CRT monitors by setting price cuts (or markups), assigning market share to major customers such as Samsung SDI Co., Ltd., and cutting production by shutting down CRT monitor production lines. CRT display manufacturers exchange business confidential information, such as CRT monitor sales, production, market share, and fulfill and supervise the implementation of the agreement.

The decision of the Korea Fair Trade Commission was the result of a joint investigation with foreign competition authorities in March 2009. Foreign competition authorities include the European Commission.