We earlier reported that South Korea’s Fair Trade Commission (FTC) has slapped Samsung, LG, Pantech and mobile operators SK Telecom, KT Corp. and LG Uplus Corp with a combined fine of 45.3 billion won (about $40.1 million) over the biggest mobile manufacturers and operators guilty of colluding to fix prices and defraud consumers. Over on which, Korean FTC has issued an additional fine on South-Korean giant of 400 million won ($356,000) after Samsung was found to have obstructed the FTC’s investigation. The FTC’s latest fine is its largest yet in an obstruction case.
(Image Source: Samsung logo)