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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Samsung rapped for hindering investigation
by Brian TurnerSouth Korea’s Fair Trade Commission levied a fine of Won60 million on Samsung Electronics on Tuesday for “systematically hindering” an investigation into the electronics giant’s unfair contracting practices.
The investigation began as an inquiry into accusations of subcontracting irregularities between Samsung and its semiconductor-manufacturing subsidiary, Semes. According to the FTC, however, last November Samsung ordered Semes to destroy or forge a number of key documents, activities aimed at frustrating the investigation.
The FTC also says that Samsung instructed Semes employees about how to answer questions posed by the commission in the course of its investigation.
The Won60 million fine was divided equally between the company and two of its directors, and is not so much a monetary penalty for Asia’s largest electronics company as it is an embarrassment for Samsung, which has cultivated its international stature.
Samsung did not comment on the ruling.
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