FTC finds 10 firms for price collusion

INTERNATIONAL PROBE:Taiwanese officials began working with their counterparts in several countries, including the US, South Korea and Singapore in March last year

Taipei Times
Date:  Dec 10, 2015
By: Ted Chen  /  Staff reporter

The Fair Trade Commission yesterday levied fines totaling NT$5.8 billion (US$175.5 million) on 10 aluminum and tantalum capacitor manufactures for colluding with rivals to fix prices.

It is the biggest penalty the commission has handed down on international companies since it was established in 1992.

Taiwan is the first among authorities in Europe, Singapore, South Korea, China and the US — who have been collaborating on investigations into the case — to take regulatory action against the offending companies, the commission said.     [FULL  STORY]

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