Denso Corp, Continental AG and Bosch was finned with a total of 114.6 billion won ($107.99 million) by the South Korea's anti-trust regulator, saying that parts were sold to Hyundai Motor Co at a fixed price.
The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers. The items that were globally effected include Power Steering Components, Seat Belts, Power Window Motor, Radiators and Air conditioning Systems.
