Japanese entities were hardest hit, followed by the South Korean and Taiwanese. While Japanese companies have paid US$3.3b of these penalties, German organisations have paid just a quarter of that, US793m. The Chamber of Commerce believes that cultural differences may be making themselves felt. Kang Seok-gu of the Chamber said: ‘Consultative level of cooperation among companies, which happens frequently in Asian countries, is often not acceptable in western countries and considered as collusion.’ Source: Financial Times
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