A PYMNTS Company

Samsung introduces internal anti-collusion measures

 |  February 29, 2012

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)