German, Japanese Bearing Firms Fined for Price Fixing

SEJONG, Apr. 13 (Korea Bizwire) — South Korea’s antitrust watchdog said Monday it has slapped a combined 7.5 billion-won (US$6.85 million) fine on a German car bearing company and a Japanese auto parts manufacturer for Illegal price rigging. According to the Fair Trade Commission (FTC), Schaeffler Korea, a wholly owned subsidiary of a German automotive bearing [...]