NK will never discuss 'sovereignty' with US, says Kim Yo-jong
Man stabs girlfriend while on trial for dating violence
Adults arrested for proxy purchasing of cigarettes, receiving $3 from teens
Yoon revives policy chief of staff position, reshuffles all senior secretaries
Yoon accepts broadcasting watchdog chief's resignation ahead of impeachment motion
LG Display to pay US$380 mln to settle LCD price-fixing caseBy 이다영
Published : July 14, 2012 - 09:45
LG Display agreed to pay the amount to U.S. consumers and eight state governments, including the states of California and New York, to settle the case that was lodged in 2007, the company said in a regulatory filing.
The South Korean display giant was one of several Asian companies, including Japan's Toshiba Corp. and Sharp Corp., that were accused of fixing LCD panel prices, which raised prices for consumers that purchased products packed with those panels between 1999 and 2006.
Samsung Electronics Co., which was also accused of taking part in the price-fixing scheme, settled the case by agreeing to pay $240 million late last year.
In the regulatory filing, LG denied the allegations but said it agreed to settle the case to resolve the expense and burden of a prolonged litigation.
LG, which is set to announce its second-quarter earnings on July 26, said it has set aside an allowance for the settlement. (Yonhap)
Yoon accepts broadcasting watchdog chief's resignation
S. Korea, US, Japan, Australia jointly announce sanctions on NK
S. Korea to expand telemedicine services in remote areas