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Siemens secures South Korea Supreme Court win, overturning $5.2 million antitrust fine

( December 3, 2024, 01:55 GMT | Official Statement) -- MLex Summary: Siemens has secured a Supreme Court victory in South Korea, overturning a 6.2 billion won ($5.2 million) antitrust fine and the majority of corrective orders imposed by the country’s competition regulator against the company. On Nov. 28, the Supreme Court upheld the appellate court ruling that nullified the antitrust fine and reversed most of the findings by the Korea Fair Trade Commission. In 2018, the KFTC fined the company over allegations of abuse of market dominance in the South Korean aftermarket for medical equipment, including CT and MRI scanners.The statement, in Korean, is attached. ...

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