POST Online Media Lite Edition


FTC in South Korea fines Samsung, 5 other air purifier makers

Staff Writer |
South Korea’s corporate watchdog on May 29 levied a combined 1.56 billion won ($1.45 million) in fines on Samsung Electronics, Coway and four other air purifier makers for providing insufficient and misleading information on their products.

Article continues below

The Fair Trade Commission said it also issued warnings against two other firms, including LG Electronics, for the same reason.

The market for air purifiers in Korea has been exploding as more consumers are becoming concerned about fine dust levels in the atmosphere.

Sales of air purifiers in the country are expected to reach around 2 million to 2.5 million units this year, with some expecting the figure to reach as high as 3 million units, industry watchers said.

The government announced recently that it will install air purifying facilities in all preschools, elementary schools and special institutions in three years.

What to read next

Hyundai Motor affiliate fined for unfair business with subcontractors
ABB found sophisticated criminal scheme in Korea, $100 million stolen
Samsung's Lee sentenced to 5 years in prison