Foreign automakers in South Korea could feel pressure on pricing


South Korea could be the next nation to crack down on foreign automakers and suppliers over pricing, warns Automotive News.

A broad probe in China has led to fines and pricing cuts by manufacturers.

The South Korean Fair Trade Commission has already probed BMW (OTCPK:BAMXY), Mercedes-Benz (OTCPK:DDAIF), and Volkswagen (OTCQX:VLKAY) over price fixing.

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