The Chinese Competition Authority announces penalties of CNY 353 million (€ 43 million) to be imposed on six liquid crystal display makers from Korea and Taiwan (Samsung / LG / AU Optronics / Chunghwa / Chimei InnoLux / HannStar)

Article published on Centre for Competition Policy blog.

The Significance of China’s First Fine on an International Cartel* On 4 January 2013, China’s National Development and Reform Commission (NDRC) announced that CNY 353 million (around £35m) would be paid by six South Korean and Taiwanese manufacturers of liquid crystal display (LCD) panels for price fixing during 2001-2006. Never before had China imposed a cartel fine on foreign firms. Indeed this first instance of Chinese international cartel enforcement involved both settlements and a leniency application from a revealing firm in return for immunity. But should China’s venture into international cartel enforcement be treated as a welcome development? Deterrence In principle, China’s pursuit of international cartels is hugely

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  • University of East Anglia

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Andreas Stephan, The Chinese Competition Authority announces penalties of CNY 353 million (€ 43 million) to be imposed on six liquid crystal display makers from Korea and Taiwan (Samsung / LG / AU Optronics / Chunghwa / Chimei InnoLux / HannStar), 4 January 2013, e-Competitions Bulletin Commitment Decisions, Art. N° 54996

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