S.Korea regulator to probe Hyundai Motor, Kia

Newswire

SEOUL, Feb 22 (Reuters) - South Korea's antitrust agency said on Wednesday it would investigate the country's top auto maker, Hyundai Motor Co. , and its affiliate, Kia, over allegations they had unfairly asked parts suppliers to cut prices. The move by the Fair Trade Commission (FTC) comes after parts suppliers complained about requests from Hyundai and Kia Motors Corp. to cut supply prices -- apparently to offset the impact of a firmer won . "We will investigate whether the price cuts ...

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