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    Penalties levied on LCD makers

    By Lan Lan | China Daily | Updated: 2013-01-05 08:18

    First time fines handed down to overseas firms for price fixing

    The mainland on Friday joined an international crackdown on a price fixing conspiracy involving several suppliers of LCD screens, levying penalties of 353 million yuan ($56.6 million) on Samsung, LG and four Taiwan companies.

    The settlement, though less punitive in the eyes of analysts, was considered a landmark move as it was the first time the country had punished overseas firms for price fixing.

    Penalties levied on LCD makers

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