South Korean anti-trust watchdog KFTC fines Denso and NGK USD3.2 billion for fixing component prices
Both Japanese suppliers were fined for price fixing in past
South Korea's Fair Trade Commission (FTC) said yesterday (26 March) that it had found two Japanese automotive component suppliers and their South Korean subsidiaries, as well as a domestic supplier, guilty of fixing prices of components for more than a decade, reports the local Yonhap News Agency.
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