FTC Slaps Combined 37.1 Bln Won Fine on Three Auto Parts Suppliers for Bid Rigging

SEJONG, Nov. 6 (Korea Bizwire) — South Korea’s antitrust watchdog said Monday that it has levied a combined 37.1 billion won (US$33.2 million) in fines on three foreign auto parts firms for allegedly rigging bids. Denso Korea Automotive Corp., an auto parts supplying unit of Japan’s Toyota Motor Corp., and Hyundam Industrial Co. owned by [...]