South Korean President Park Geun-hye has made corporate regulation a priority in her administration. And the commitment to tackle collusion came on 17 November when the Korea Fair Trade Commission (KFTC) said that it found nine Japanese and German bearing manufacturers operated a cartel to collude on the price of products for more than a decade.Read more ›
Post Tagged with: "price fixing"
China has fined 12 Japanese car part firms for a record amount of 1.2bn Yuan ($202m; £121m) for price-fixing. The country’s anti-monoloply regulator, National Development and Reform Commision (NDRC), has said the companies were working together to reduce competition.Read more ›