Beyond the Boom

Brown, Heidi
November 2005
Forbes Asia;11/28/2005, Vol. 1 Issue 8, p16
The article recalls the controversies surrounding Samsung Electronics in 2004. Samsung posted first-quarter earnings of $2.7 billion, making it the most profitable technology firm in the world. The U.S. Department of Justice imposed a $300 million penalty on Samsung in October for conspiring to fix the prices of dynamic random access memory chips in the U.S. market. As of November 2005, there is an ongoing investigation of chairman Gun-Hee Lee and other business and government officials in Korea following allegations by a local shareholders' rights group about illegal campaign funds during a 1997 election.


Related Articles

  • S. Korean antitrust agency fines LCD makers $175m.  // Flare (Pakistan);11/15/2011, p63 

    The article reports that the Federal Trade Commission of Seoul, South Korea has fined 10 world leading flat panel and liquid crystal display (LCD) manufactures in South Korea and Taiwan including Samsung Electronics Co. Ltd., LG Display, and Au Optronics for price fixing.

  • S.Korean antitrust agency fines LCD makers $175m.  // Flare (Pakistan);12/15/2011, p63 

    The article reports that the liquid crystal display (LCD) makers including Samsung Electronics Co. Ltd., LG Display Co. Ltd. and Chimei Innolux Corp. were fined a total of 175 million dollars by Seoul, Korea's antitrust agency due to price fixing.

  • Samsung hit by $300m fixing fine.  // Electronics Weekly;10/19/2005, Issue 2214, p3 

    The article reports that Samsung Electronics Co. Ltd. will pay a fine of $300m after agreeing to plead guilty to DRAM price fixing charges levelled by the U.S. Department of Justice. The fine is the second largest criminal antitrust fine in United States history and the largest criminal fine...

  • Toshiba Hit With $87 Million Fine for LCD Panel Price Fixing. Eddy, Nathan // eWeek;7/ 4/2012, p2 

    The article reports that Toshiba, a consumer electronics firm, has been fined with $87 million by the U.S. District Court in San Francisco, California for price-fixing in the country with other liquid crystal display (LCD) screen manufacturers. According to the company, they have no illegal...

  • Samsung To Pay Fine In Price-Fixing Probe. Malester, Jeff // TWICE: This Week in Consumer Electronics;10/24/2005, Vol. 20 Issue 22, p65 

    This article reports on the guilty plea of Samsung Electronics Co. Ltd. to a U.S. criminal chip price-fixing charge and is paying a fine for its part in what government prosecutors termed a global conspiracy in 2005. The chips involved, called dynamic random access memory chips, are used in...

  • Samsung Faces $300M DoJ Fine for Price Fixing.  // Electronic News;10/17/2005, Vol. 51 Issue 42, pN.PAG 

    This article reports that Samsung Electronics has agreed to plead guilty to charges of participating in an international conspiracy to fix prices in the dynamic random access market, settling with the U. S. Department of Justice (DOJ) Antitrust Division to the tune of $300 million. The fine is...

  • Samsung Execs Plead Guilty in DRAM Price Fixing.  // Electronic News;3/27/2006, Vol. 52 Issue 13, p50 

    The article reports on the decision of three executives from Samsung Electronics Co. Ltd. to enter a plea of guilty and serve jail time in the U.S. for participating in the price-fixing conspiracy for dynamic random-access memory. The executives will also pay $250,000 fine and cooperate with the...

  • Samsung Pays Apple $1 bn by Sending 30 Trucks Full of 5 Cent Coins.  // Dataquest;9/30/2012, Vol. 30 Issue 18, p67 

    The article reports that Apple Inc. has been paid by Samsung Electronics Co. Ltd. for $1 billion by sending 30 trucks of 5 cent coins at the headquarters of Apple in California.

  • EU fines Samsung, Philips and Infineon over smartcard chip cartel.  // Flare (Pakistan);Oct2014, p77 

    The article reports that the technology firms including Samsung, Philips and Infineon were fined 138 million euros by the European Union for fixing smartcard chips prices while immunity was granted to the electronics firm Renesa for disclosing the existence of the cartel.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics