12 firms fined $7.5 million for price fixing over Samsung’ s chip system bids

Seoul: The country’s antitrust regulator said on Sunday it has decided to impose a combined 10.46 billion won ($7.55 million) in fines on 12 domestic companies for colluding to fix bidding prices over a semiconductor monitoring and control system by Samsung SDS.

PS ENG, Daean C&I, Doota IT, and nine other companies colluded to predetermine a winning bidder through prior discussions about quotations in a total of 334 bids issued by Samsung from 2015 through 2023, according to the Fair Trade Commission (FTC).