Posts Tagged ‘ Samsung ’

Responding to corporate crime

October 31, 2011
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According to this article in the Hankyoreh, the Fair Trade Commission of Korea recently fined 10 corporations in Korea and Taiwan, including Samsung and LG, a total of $176 million for conspiring to fix prices and delivery quantities. The conspiracy was conducted by firms that control 80% of the global LCD market. The group of firms conspired to set the timings of product price increases and price differences.  This is of course just the latest (and by no means the most egregious) example of corporations seeking to maximize profits at the public’s expense. Ignoring these abuses only guarantees that they…

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