No 8 LCD screen price monopoly
In January 2013, six liquid crystal display (LCD) screen producers, including two from South Korea (Samsung and LG) and four from Taiwan (CMO, AU Optronics (AUO), Chunghwa Picture Tubes and HannStar), were punished by the NDRC for vertical price monopoly. A vertically integrated monopoly occurs when a company controls both the production and distribution chains in an industry.
The total punishment for these companies reached 353 million yuan ($57.3 million).
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Visitors watch programs on Samsung 3D LCD televisions during an expo in Shenzhen, South China's Guangdong province, May 7, 2011. [Photo/IC] |
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