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China fines LG, Samsung in flat panel price case

China's accession to the world on Friday strike price is fixed in the computer and television use LCD manufacturers, South Korea's samsung and LG four Taiwan company bring millions of dollars in fines.
Supplier has been the United States and European regulators fine worth more than $30 billion, in 2001 -, this paper puts forward the cost of the manufacturers of electronic products, push down the price of the display screen. The court sentenced to 12 senior prison.
In China, LG and samsung four Taiwan company was ordered to pay 353 million yuan ($5.6 billion) according to the cabinet planning agency, the national development and reform commission. It says, including 144 million yuan fine and repay Chinese companies charge ($22800000).
LG, samsung and Taiwan suppliers from 2001 to 2006, to meet quarterly setting screen, supply more than demand, promote the market price of the price, according to the western and Chinese regulators.
Almost all of the world mobile phones and personal computers in China assembly, South Korea, Taiwan and other Asian economies provide screen and other components factory main consumer.
Display suppliers "control the market price, damage other enterprises and the legitimate rights and interests of consumers, and said:" development and reform commission (NDRC) statement.
Prosecutors said, about $7.4 billion, in global sales of screen affected plot. Customers include apple, dell and other TV, notebook computers and other electronic products manufacturers.
China's punishment amount is 1 million yuan ($15.9 million), samsung and 118 million yuan ($18700000), LG. Taiwan companies and their fine is singular beauty company, 94 million yuan ($4.9 million), au optronics co., LTD., 21.9 million yuan (us $3.5 million), the image tube co., LTD., 16.2 million yuan ($2.6 million) and John yu CaiJing Display company, 240000 yuan ($38000).
The U.S. justice department said, it has won a $140 million fine by the court, and the European Union officials were collection of 1.3 billion euros ($1.7 billion) fine.
The pricing method based on improper from individual sales revenue of punishment, because Beijing act, according to the development and reform commission (NDRC) said, China's fine. It says, western regulators antitrust law basis of punishment, the company's total revenue, but China can't do this, until 2008, because it's the first anti-monopoly law did not make, can not trace applicable.
The European Union after fine company in 2010, Xi coal main shareholders, traveling to say, under the leadership of fixed price, the biggest and the second big screen manufacturers, samsung and LG respectively. The large hon hai industrial co., LTD., assembly of electronic products apple and other companies, but will not make display picture chairman of the board of directors.
Samsung display, samsung unit, make flat TV and no doubt the Chinese government statement said, the company a officials through the telephone contact in Seoul on Friday. He declined to be identified name, reason is the company rules, but said his comments reflect samsung's official position.
The company will "strengthening training", let the staff not engaged in fixed price in the future, the official said.
In a written statement, LG Display said, "maintain full transparency, to global customers to provide the best quality products and services.
Chi mei, now renamed as group and photoelectric company in a written statement, it has been reserved funds to pay fines, says it will not appeal.
A spokeswoman for the, au optronics, ZhangYaWen shaw said, the company and the Chinese authorities cooperation, but declined further comment.
Answer the call of the Chinese telecom and said han yu CaiJing staff said, the company's chief can comment can not get.
In the United States a federal court in September was sentenced to three years imprisonment, prosecutors say the most severe penalty, collect the antitrust lawsuit, au optronics company's former President and executive vice President. The company was fined 500 million dollars.
In July, au optronics, Toshiba and LG together, agreed to pay $571 million, solving customer. Other manufacturers, including Hitachi, sharp and samsung, agreed to pay $538 million in December, solve.
Seven, other Asian manufacturers and other 22 executives in the us court confessed, and agreed to pay the total $890 million fine.



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