Siemens fined 6.2 bln won for hurting ‘aftermarket’ competition

SEJONG, Jan. 17 (K0rea Bizwire) — South Korea’s corporate watchdog slapped a 6.2 billion won (US$5.8 million) fine on German industrial giant Siemens’s Korean affiliates for abusing their dominance in the local aftermarket for medical equipment, such as CT and MRI. According to the Fair Trade Commission, Siemens affiliates changed contract terms for their software programs, used for the maintenance of their CT and MRI equipment, depending on whether [...]