New episodes of "The Uncertain Hour" are out now! Listen now

A lump of coal for LCD makers

Scott Jagow Dec 12, 2006

TEXT OF STORY

SCOTT JAGOW: I’m guessing flat-panel TVs will be a pretty popular gift this year, but the two biggest LCD companies might make the naughty list.

Today, officials in Japan said they’re investigating South Korea’s Samsung and Philips for possible price-fixing a couple years ago. Anna Fifield is covering the story for the Financial Times.

ANNA FIFIELD: This is likely to be a very complicated case that could last several years, but if they are found guilty in the long run, the fine could be quite significant, about 10 percent of their sales at the time.

Philips says the U.S. Justice Department is also looking into collusion.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.