South Korea fines Motorola over radio bid

South Korea's Fair Trade Commission has levied a fine of €474,517/696 million won on Motorola's Korean unit for helping three South Korean companies collude to obtain orders from government agencies, an Associated Press report said.

Leenos and two other South Korean companies were fined a combined €192,000/282 million won for conspiring to coordinate their bidding prices for the supply of mobile telecoms devices to state police agencies, the antitrust agency said in a statement.The three companies worked as sales agents for Motorola's trunked radio system, sold in South Korea.

Motorola Korea, the South Korean unit of US mobile phone maker Motorola, criticised the ruling and said it would decide how to respond, including whether to appeal, after receiving and reviewing the regulator's written decision.