South Korea: Hyundai Group under FTC probe

The Fair Trade Commission (FTC), South Korea's antitrust watchdog, is probing the country's largest vehicle manufacturer Hyundai and its affiliates over suspicions that they forced subcontractors to cut supply prices, Yonhap News Agency said. According to FTC officials, Kia Motors and Hyundai Mobis are also under investigation. The FTC is investigating Subscribe to Automotive World … Continued

• By Webmaster
• June 9, 2011