LG.Philips LCD today issued a press release stating officials from the Korean Fair Trade Commission (KFTC) visited the panel maker's offices in Seoul, Korea as part of an investigation into possible anticompetitive conduct in the LCD industry.
In addition, the Japanese Fair Trade Commission (JFTC) issued a notice to LPL's offices in Tokyo, Japan and the United States Department of Justice (DOJ) issued a subpoena to LPL's offices in San Jose, California.
LG.Philips LCD stated that it takes this matter very seriously and will cooperate fully with regulatory authorities. While these investigations continue, LG.Philips LCD is committed to running its business as usual, the company said.
According to Korea-based Yonhap News, LPL and Samsung Electronics are being investigated on suspicions they rigged LCD prices and controlled supply during an industry boom in 2003-2004.
In 2004, the two South Korea-based makers together shipped 58.4 million large-size panels, capturing about 42% of the global market, while Taiwan shipped 56.5 million large-size panels and accounted for about 40% of global shipments, according to DisplaySearch.
This year, Taiwan is expected to supply 140 million panels, for a worldwide market share of 50%, while Korea will supply 109 million panels for a 39% worldwide market share, according to Taiwan's Industrial Economics and Knowledge Center (IEK).
In addition, the Japanese Fair Trade Commission (JFTC) issued a notice to LPL's offices in Tokyo, Japan and the United States Department of Justice (DOJ) issued a subpoena to LPL's offices in San Jose, California.
LG.Philips LCD stated that it takes this matter very seriously and will cooperate fully with regulatory authorities. While these investigations continue, LG.Philips LCD is committed to running its business as usual, the company said.
According to Korea-based Yonhap News, LPL and Samsung Electronics are being investigated on suspicions they rigged LCD prices and controlled supply during an industry boom in 2003-2004.
In 2004, the two South Korea-based makers together shipped 58.4 million large-size panels, capturing about 42% of the global market, while Taiwan shipped 56.5 million large-size panels and accounted for about 40% of global shipments, according to DisplaySearch.
This year, Taiwan is expected to supply 140 million panels, for a worldwide market share of 50%, while Korea will supply 109 million panels for a 39% worldwide market share, according to Taiwan's Industrial Economics and Knowledge Center (IEK).
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