Samsung has announced internal measures to address concerns with collusion and price-fixing. The program calls for regular monitoring of Samsung affiliates, improved e-mail filtering, greater penalties on employees caught colluding, mandatory approval from Samsung’s compliance team before contacting rival employees, and mandatory reporting of any meetings afterward.
The measures are a follow-up to a plan introduced in November. Samsung and LG were fined in January 2012 by the Korea Fair Trade Commission for fixing the prices of washing machines, televisions, and laptops.
Source: Korea Herald
Related content: Using Competition Policy to Promote “Shared Growth” in Korea (Seonghoon Jeon, Sogang University & Korea Fair Trade Commission)
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI