SEOUL Dec 23 South Korea's anti-trust regulator
has imposed a combined fine of 114.6 billion won ($107.99
million) on Japan's Denso Corp, Germany's Continental
AG and Bosch on charges of fixing prices of
parts sold to Hyundai Motor Co.
The Fair Trade Commission (FTC) said on Monday that the
automotive parts makers colluded in rigging prices of instrument
panels or wipers to shun price competition and secure profits.
The vehicles affected included Hyundai's Sonata (LF),
Elantra (MD) and Kia Motors' Pride (UB) and Carnival
(YP), the FTC said.
($1 = 1061.2000 Korean won)
(Reporting by Hyunjoo Jin; Editing by Ryan Woo)