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FTC Slaps 1.78 bln-won Fine on Mercedes-Benz Korea, Dealerships

FTC Slaps 1.78 bln-won Fine on Mercedes-Benz Korea, Dealerships

SEJONG, Sept. 26 (Korea Bizwire) — South Korea’s antitrust watchdog said Tuesday that it has slapped a combined 1.78 billion-won (US$1.57 million) fine on Mercedes-Benz Korea and its dealerships for fixing labor costs for auto repairs. Mercedes-Benz Korea, the local unit and importer of German carmaker Daimler AG, allegedly suggested to eight dealerships fixing rates [...]