Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
»
1-min read

LG Electronics Faces Anti-trust Violation Case in Russia

LG Electronics released its flagship G6 smartphone in Russia in April.

IANS

Updated:June 30, 2017, 10:30 AM IST
facebookTwitterskypewhatsapp
LG Electronics Faces Anti-trust Violation Case in Russia
LG Electronics Injects $3 Million Into US-Based Robot Developer (Image: Reuters)
Loading...

Moscow, Russia's state anti-trust agency has initiated a case against LG Electronics' Russian arm on allegations that the South Korean company used special monitoring system on retailers to control prices of smartphones, media reported. The Federal Anti-monopoly Service (FAS) initiated a case against LG's Russian structure for signs of illegal coordination of economic activity, Sputnik news agency reported on Wednesday.

Read more: Google Could Learn From Rival Microsoft in EU's Antitrust Decision

"FAS initiated a case against LG Electronics RUS for signs of illegal coordination of economic activity. According to FAS, LG Electronics RUS used a special programme for monitoring the prices of retailers to control prices for a number of LG smartphones," an FAS spokesman was quoted as saying.

The South Korean tech giant could face massive fines if the allegations turn out to be true, Yonhap news agency reported.

Read more: Apple iPhone Turns 10, Bumpy Ride For The Device Forgotten

LG Electronics RUS said other companies also use monitoring systems to track devices' sales prices, and that the claim made by the authority are partly exaggerated.

The Tech And Auto Show – Episode 4

LG Electronics released its flagship G6 smartphone in Russia in April.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Krishna Sinha Chaudhury
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results