Three indicted for fixing prices of color display tubes

The defendants from South Korea face prison terms of up to 10 years, plus fines

A grand jury in San Francisco has indicted three former executives from two manufacturers of color display tubes (CDTs) for charges related to an alleged global conspiracy to fix prices of the tubes used in computer monitors and other products.

The indictment, filed Tuesday in U.S. District Court for the Northern District of California, charges Seung-Kyu "Simon" Lee, Yeong-Ug "Albert" Yang and Jae-Sik "J.S." Kim with working with other conspirators to suppress and eliminate competition in the CDT market by fixing prices and reducing output. Lee, Yang and Kim participated in the conspiracy at various times between January 2000 and March 2006, the U.S. Department of Justice said in a press release.

The DOJ did not name the companies that employed the defendants. It's unclear if the companies were not named because of the ongoing investigation at the DOJ, because the companies were not involved or some other reason.

All three defendants were residents of South Korea during the conspiracy, according to the indictment.

Lee, Yang, Kim and other conspirators agreed to charge target prices of CDTs and agreed reduce output of CDTs by periodically shutting down production lines, the DOJ alleged. The co-conspirators exchanged CDT sales, production and pricing information for the purpose of monitoring and enforcing their agreements, the agency said.

The conspirators met in Taiwan, South Korea, Malaysia, China and elsewhere for their price-fixing discussions, the CDT said.

Six people have been indicted in connection with the DOJ's ongoing CDT investigation, with three others indicted between February 2009 and March of this year.

Lee, Yang and Kim are each charged with violating the U.S. Sherman Act, which carries a maximum penalty of 10 years in prison and a US$1 million fine for individuals, although the maximum fine can be increased to twice the amount of monetary gain from the crime or twice the loss to victims.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's e-mail address is grant_gross@idg.com.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags peripheralsU.S. Department of JusticeSeung-KyuantitrustYeong-UglegalmonitorsJae-SikCriminalU.S. District Court for the Northern District of California

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?