The Chinese NDRC imposes fines in a total amount of RMB 353 million on 6 LCD panel manufacturers (Samsung / LG / AU Optronics / Chunghwa / Chimei InnoLux / HannStar)

NDRC Imposed the Penalty against LCD Panel Companies for Their Monopolistic Behavior* China’s National Development and Reform Commission (“NDRC”) has imposed a heavy penalty of total RMB 353 million yuan against six companies for the monopolistic behavior of price-fixing on liquid crystal display (“LCD”) panel in mainland China as announced on January 4, 2013. The six companies include Samsung, LG, as well as four firms from Taiwan——Chi Mei Optoelectronics, AU Optronics, Chunghwa Picture Tubes and HannStar Display. What worth noting is that it is the first time for NDRC to issue a penalty against foreign firms for monopolistic behavior which is also the heaviest penalty ever on price-related violations by Chinese antitrust enforcement authority until now. NDRC has received multiple

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Authors

  • AnJie Law (Beijing)
  • AnJie Law (Beijing)

Quotation

Zhan Hao, Song Ying, The Chinese NDRC imposes fines in a total amount of RMB 353 million on 6 LCD panel manufacturers (Samsung / LG / AU Optronics / Chunghwa / Chimei InnoLux / HannStar), 4 January 2013, e-Competitions January 2013, Art. N° 55327

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