Monday, March 19, 2012

Samsung Fined In Korea (Again) For Obstructing Price Fixing Investigation

Samsung_BuildingWhen Samsung (among others) was called out for taking part in a mobile price-fixing scheme last week I expected the company to pony up the 14.2 billion won and keep their collective heads down for a while. That would've been the smart move: pay up, show remorse, move on, etc. A few Samsung execs had a different idea though. According to the Korea JoongAng Daily, they instead obstructed an official investigation by the country's Fair Trade Commission shortly thereafter, which netted the company another 400 million won ($356,000) in fines.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/NJl5yXyBEsM/

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