Denso, Diamond Electric Mfg, Hitachi Automotive Systems and Mitsubishi Electric have been fined a total of $76m by South Korea’s fair trade commission..
Denso, Diamond Electric Mfg, Hitachi Automotive Systems and Mitsubishi Electric have been fined a total of $76m by South Korea’s fair trade commission. The four Japanese companies were found guilty of rigging bids for automotive parts that they subsequently supplied to vehicle manufacturers in South Korea. In addition, South Korean public prosecutors have also filed criminal complaints against both Hitachi Automotive Systems and Mitsubishi Electric.
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