johnsonjohnson fined for preventing price cuts
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Johnson & Johnson fined for preventing price cuts

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Arab Today, arab today Johnson & Johnson fined for preventing price cuts

Seoul - Yonhap

South Korea's antitrust watchdog on Thursday fined Johnson & Johnson Korea 1.8 billion won (US$1.68 million) for hampering eyeglasses stores from cutting prices of its contact lens products. Johnson & Johnson Korea is a local unit of Johnson & Johnson Visioncare headquartered in the U.S. It leads the contact lens market here with a 45 percent share as of 2012.

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