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
Croatian Supermarket Chain Tommy Cleared to Acquire Brodokomerc Nova
Oct 13, 2024 by
CPI
X and Unilever Settle Antitrust Dispute, Continuing Partnership
Oct 13, 2024 by
CPI
Federal Judge Allows Antitrust Claims Against GoDaddy to Proceed
Oct 13, 2024 by
CPI
Court Ruling Opens Door for Microsoft to Sell Xbox Games on Android Without Google’s Cut
Oct 13, 2024 by
CPI
Realtors Appeal to Supreme Court Over DOJ’s Investigation into Antitrust Violations
Oct 13, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh