Six panel makers such as Chi Mei were fined 353 million yuan for monopoly prices

China's Taiwan region Chi Mei, AUO and South Korea's Samsung, LG and other six large international panel makers, due to the monopoly of LCD panel prices, the National Development and Reform Commission economic sanctions 353 million yuan. This is also the highest amount of price violations issued by China to date.

On the 4th, the reporter learned from the National Development and Reform Commission's Price Supervision, Inspection and Anti-Monopoly Bureau that South Korea's Samsung, LG, Taiwan, Chimei, AUO, CPT, and Hanyu Caijing used their dominant positions from 2001 to 2006. In conspiring to manipulate the price of LCD panels, the price monopoly was implemented in mainland China. The total number of LCD panel sales involved was 5.146 million, and the illegal income was 208 million yuan.

The National Development and Reform Commission has ordered the enterprises involved in the case to refund the domestic color TV enterprises an overpayment of 172 million yuan, a confiscation of 36.75 million yuan, a fine of 144 million yuan, and a total economic sanctions of 353 million yuan. Among them, Samsung 101 million yuan, LG 118 million yuan, Chi Mei 94.41 million yuan, AUO 28.9 million yuan, China Radio Bank 16.2 million yuan, Han Yu Caijing 240,000 yuan.

It is understood that since December 2006, the National Development and Reform Commission has received reports on many occasions, reflecting the conspiracy of the six companies to manipulate LCD panel prices. From 2001 to 2006, six companies involved in the Taiwan region and South Korea held 53 "crystal conferences" to exchange liquid crystal panel market information for the global market. When selling LCD panels in mainland China, the companies involved in the negotiations negotiated prices or exchanged information according to the “Crystal Conference” to manipulate prices and damage the legitimate rights and interests of other operators and consumers.

According to the China Electronics Video Association based on the 2011 China LCD TV industry data, only the panel free warranty service period from 18 months to 36 months, can make domestic color TV companies save 395 million yuan per year.

It is reported that up to now, TCL, Skyworth, Konka, Changhong and other nine major color TV companies in China have received a refund of 172 million yuan.

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