Thursday, March 15, 2012

Samsung, LG, Pantech and Others Fined $40 Million for Price Fixing

Samsung, LG, Pantech and Others Fined $40 Million for Price Fixing

It looks like a few South Korean carriers and OEMs have gotten themselves into a bit of trouble with the South Korean government. Samsung, LG, Pantech, SK Telecom, KT and LG Upius have all been fined for price fixing, an illegal scheme which helps drive up the price of products for profit. The carriers and OEMs then advertise the device at a lower price through subsidization. It's pretty much what most of the world is used to with cellular contracts, but it appears the South Korean government isn't having any of that.

Android Phone, Samsung, LG, Pantech and Others Fined $40 Million for Price Fixing

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