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Legal investigation concerning LCD monitor prices

Posted on December 18th, 2006 by Roger McKenna.
Categories: Uncategorized.

An investigation taking place in three countries concerning secret agreements between manufacturers to arrange artificial prices, is extending over the LCD displays market.

Japan Fair Trading Commission confirmed that is investigating a so called agreement between LG.Philips LCD, Samsung Electronics and Sharp to keep an artificial pricing over LCD displays.

LG.Philips announced that the American justice department and South Correa Fair Trade Commission are making similar investigations.

A joint venture company between Seiko Epson and Sanyo Electric, specialized in small LCD displays for mobile phone is also under investigation. According to some information published in press, the investigations are about prices that were established a few years ago.

LG.Philips, a joint venture company between LG Electronics and Royal Philips Electronics, has announced that will cooperate with the authorities. So did Samsung.

According to the analysts, the investigation would concern some actions undertaken a few years ago.

The correan press agency Yonhap speculated that the investigation would concern the period 2003 – 2004, when the LCD display manufacturers were having a better control over the market.    

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