South Korea’s Fair Trade Commission (FTC) has begun an investigation into alleged price fixing among the country’s top five automakers, according to local reports.
The anti-trust regulator is reported to be investigating the pricing activities of Hyundai Motor, Kia Motors, GM Korea, Renault Samsung and Ssangyong Motor.
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The FTC has also been scrutinising the pricing activities of foreign brands in the country, including BMW, Mercedes-Benz, Volkswagen, Audi, Toyota and Lexus.
