Local flat panel makers assess impact of South Korean fair trade penalties


CNA

TAIPEI — Thin-film transistor liquid crystal display (TFT-LCD) makers in Taiwan are assessing the impact of fines imposed by the Korea Fair Trade Commission (KFTC) for fixing product prices with their counterparts in Japan and South Korea.

The Taiwanese manufacturers said they have not made a decision yet on whether they will pay the fines, and are still studying measures to deal with the penalties imposed by the South Korean regulator.

In a November ruling, the KFTC said that among 10 firms implicated, Taiwan’s Chimei Innolux Corp., AU Optronics Corp., Chunghwa Picture Tubes Ltd. and Hannstar Display Corp. participated in a price-fixing conspiracy between 2001 and 2006.

The 10 flat screen firms have been issued with fines totaling 194.08 billion South Korean won for violating South Korea’s Monopoly and Fair Trade Regulations.

In addition to price fixing, the commission said the 10 agreed to lower output to further manipulate pricing.