South Korea’s Fair Trade Commission (FTC) has begun an investigation into alleged price fixing among the country’s top five automakers, according to local reports.
The anti-trust regulator is reported to be investigating the pricing activities of Hyundai Motor, Kia Motors, GM Korea, Renault Samsung and Ssangyong Motor.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The FTC has also been scrutinising the pricing activities of foreign brands in the country, including BMW, Mercedes-Benz, Volkswagen, Audi, Toyota and Lexus.
