Fair Trade Commission files charges against Samsung Electronics and SDI for 'meal service contract favoritism' allegations
[Asia Economy Reporter Kwon Haeyoung] The Fair Trade Commission (FTC) has decided to file a complaint with the prosecution against Samsung Electronics and Samsung SDI for unfair support of affiliates. Vice Chairman Lee Jae-yong of Samsung Electronics was excluded from the complaint.
According to the industry on the 9th, the FTC recently sent a review report to Samsung stating its plan to file a complaint with the prosecution against Samsung Electronics and Samsung SDI for unfair support of Samsung Welstory and to impose fines.
The FTC also investigated whether Vice Chairman Lee Jae-yong gave instructions, but excluded him from the complaint due to lack of clear evidence.
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The FTC is expected to hold a plenary meeting as early as next month to make a final decision on the level of sanctions. Since 2018, the FTC has been investigating Samsung Group's unfair support of Samsung Welstory. Samsung Welstory is a wholly-owned subsidiary of Samsung C&T, whose largest shareholders include Vice Chairman Lee and other members of the Samsung Group's founding family, and in 2019, 38.3% of its sales came from orders within the affiliate group.
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