Antitrust Antitrust

Samsung SDS suppliers fined in South Korean for manipulating bids on semiconductor-manufacturing equipment contracts

By Jenny Lee
  • 02 Jun 2024 04:00
  • 31 May 2024 06:00
Thirteen semiconductor manufacturing equipment companies have been fined a total of 10.5 billion won ($7.6 million) and issued corrective orders by the South Korean competition regulator for engaging in illegal bid rigging on contracts awarded by Samsung SDS.
In a statement (see here), the Korea Fair Trade Commission, or KFTC,

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Jenny Lee


Jenny joined MLex’s Seoul bureau in 2021 as a correspondent focusing on competition law and data privacy and security. Jenny received a Master’s degree from Northwestern University’s renowned Medill School of Journalism and worked for a number of news organizations in the US, including the Associated Press Television News, McClatchy and Voice of America, where she worked for almost three years in Washington DC. She returned to her native South Korea in 2019 as a reporter for Wired Korea.

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