Citing insufficient evidence, officials at the Korean Fair Trade Commission (KFTC) have announced that the agency has closed its investigation into the price-fixing conspiracy among the world’s largest producers of DRAM. Although two of the DRAM producers under investigation are based in South Korea, namely Samsung Electronics Company Ltd. and Hynix Semiconductor, Inc., the KFTC was unable to develop enough evidence to prove that the companies had violated South Korean law or that their acts had affected the South Korean market. In closing the investigation KFTC officials stressed that there had been no acquittal – meaning that the decision did not amount to a finding that the companies’ acts did not violate the law. Accordingly, the KFTC could resume its investigation if it discovers new evidence.
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