South Korea fines nine bearing suppliers for price-fixing; two NSK, JTEKT's executives indicted for price-fixing in US
NSK to pay the heaviest fine of USD15 million by FTC
South Korea’s Fair Trade Commission (FTC) said on Sunday (16 November) that it had found nine bearings suppliers from Japan and Germany guilty of fixing prices of bearings for more than a decade, reports The Korea Herald.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
