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South Korea: Sony fined for setting price floor

By  |  September 27, 2016

South Korea’s antitrust watchdog said Tuesday that it will impose a fine of $274,500 on Sony Korea Corp., the local unit of the Japanese electronics giant, for setting the price floor for its online camera sales.

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    According to the Fair Trade Commission, Sony Korea forced Internet dealers to sell Sony-branded digital cameras and camcorders above a certain price between February 2011 and August 2013, with penalties given to violators.

    Sony takes up 84 percent of the South Korean camcorder market, with a 20-percent share in the digital camera market and a 51-percent share of the mirrorless camera market.

    Full Content: Yonhap News

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