The Korea Fair Trade Commission is fining Hyundai Motor Co. Ltd. 1.7 billion won ($1.9 million) and ordering sister company Kia Motors Corp. to pay damages of 4.6 billion won ($5.0 million) to suppliers for allegedly forcing them to make price cuts. The auto companies say they may appeal the ruling. The Hyundai fine was levied for allegedly requiring 26 suppliers to cut prices 3.4% on parts used in the Click/Getz B segment car in 2003. Kia was ordered to pay damages to parts suppliers ...
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