Nipping monopoly activities in the bud

The penal action against Samsung and LG, and four Taiwan companies, earlier this month for manipulating the prices of LCD panels on the Chinese mainland sent another signal to multinational companies to abide by China's Anti-Monopoly Law.

Slapping fines on the companies for price-fixing on the mainland is in line with the extraterritorial jurisdiction of the Anti-Monopoly Law, which is an international practice.

Many countries and regions have included mergers and acquisitions (M&As) between "real" overseas-funded enterprises that have their headquarters abroad in the list of antitrust review.