Foreign automakers in South Korea could feel pressure on pricing

|By:, SA News Editor

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.