Samsung and LG get a fine of millions of euros for price fixing

Mobieltjesproducenten LG, Pantech, Samsung, and some telco’s have to a fine of thirty million euro pay. The South Korean FTC, which is the trade in mind, eight of the companies guilty of fraud and price-fixing.

The companies have, in the opinion of the South Korean Fair Trade Commission colluded to x prices in this country artificially, reports the South Korean news agency Yonhap. In addition, they would customers have deceived by making it seem that they are beneficial devices could buy, and subscriptions were shut down.

Concrete increased the companies, the prices of 209, the mobile phones and then discounts and promotions on the mobile phones and subscriptions, and so more lure customers. The guilty companies have now all the information around the offered promotions and discounts. The South Korean FTC has the companies are also forbidden to use in future promotions and discounts by.

It is not the first time that Samsung and LG discredited for unethical business practices. The two companies were at the beginning of this year, still by the same South Korean regulator was sentenced to a fine of 30.2 million euro. When was the lawsuit about price-fixing for tvs, laptops and washing machines.