Hynix Executives Admit Their Roles in Global Cartel

mike2h · Mar 1, 2006, 06:58 PM

Four Korean Executives Agree To Plead Guilty, Serve Jail Time In The U.s., For Participating In Dram Price-fixing Conspiracy

WASHINGTON, D.C. – Four Korean executives from a major manufacturer of a common computer component – dynamic random access memory (DRAM) – have agreed to plead guilty and to serve jail time in the United States for participating in a global conspiracy to fix DRAM prices, the Department of Justice announced.

Including today’s charge, four companies and nine individuals have been charged and fines totaling more than $731 million have resulted from the Department’s DRAM investigation.

The executives participated in the conspiracy while they worked for Korean memory maker Hynix Semiconductor Inc. or its subsidiaries in the United States and Europe. The four pleading individuals and their agreed upon jail terms are as follows:

– D.S. Kim, Hynix’s General Manager, Worldwide Sales & Marketing (8 months);

– C.K. Chung, Hynix’s Director, Global Strategic Account Sales (7 months);

– K.C. Suh, Hynix’s Senior Manager, Memory Product Marketing (6 months); and

– C.Y. Choi, General Manager, Marketing and Sales Support, for Hynix’s German subsidiary (5 months).
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Read More / Source: DOJ

Mar 1, 2006, 06:58 PM	#1
mike2h DriverHeaven Extreme Member Join Date: Nov 2002 Location: norcal Posts: 6,483 Rep Power: 91 System Specs	Hynix Executives Admit Their Roles in Global Cartel Four Korean Executives Agree To Plead Guilty, Serve Jail Time In The U.s., For Participating In Dram Price-fixing Conspiracy WASHINGTON, D.C. – Four Korean executives from a major manufacturer of a common computer component – dynamic random access memory (DRAM) – have agreed to plead guilty and to serve jail time in the United States for participating in a global conspiracy to fix DRAM prices, the Department of Justice announced. Including today’s charge, four companies and nine individuals have been charged and fines totaling more than $731 million have resulted from the Department’s DRAM investigation. The executives participated in the conspiracy while they worked for Korean memory maker Hynix Semiconductor Inc. or its subsidiaries in the United States and Europe. The four pleading individuals and their agreed upon jail terms are as follows: – D.S. Kim, Hynix’s General Manager, Worldwide Sales & Marketing (8 months); – C.K. Chung, Hynix’s Director, Global Strategic Account Sales (7 months); – K.C. Suh, Hynix’s Senior Manager, Memory Product Marketing (6 months); and – C.Y. Choi, General Manager, Marketing and Sales Support, for Hynix’s German subsidiary (5 months). ___________ Read More / Source: DOJ __________________ Last edited by Iria; Mar 1, 2006 at 08:25 PM.