LG, Samsung to appeal massive fine in EU
Dec 6, 2012
LG Electronics and Samsung SDI announced Thursday that they will appeal the European Commission’s 450 million euro (630 billion won) fine that was imposed for an alleged cartel in computer and television parts. The two Korean firms are determined to appeal the case with the European court after thoroughly reviewing all necessary legal aspects. The European antitrust watchdog decided Wednesday to charge LG 300 million euro (420 billion won) and Samsung 150 million euro (210 billion won), along wi