Samsung, LG, Korean Carriers Fined For Mobile Price Fixing Scheme

What happens when Korea?s biggest wireless carriers and Korea?s biggest phone manufacturers get caught offering bogus wireless phone deals to their customers? Well, according to the Yonhap News Agency, Korea?s Fair Trade Commission gets pissed off and slaps those companies with a huge fine ? 45.3 billion won ($40.2 million) ? for ?price fixing and consumer fraud.? If the fines are any indication, then carrier SK Telecom and Samsung Electronics were the biggest offenders here ? they netted themselves a 20.2 billion won ($17.9 million) and 14.2 billion won ($12.6 million) penalty respectively.

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