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South Korea Fines Siemens For Colluding In CT Scanner Bid

 |  March 15, 2020

Siemens Korea was punished by the Fair Trade Commission (FTC) for colluding with Canon Medical Systems Korea to win a contract to supply a CT scanner to a local hospital, the antitrust agency said Friday.

The FTC issued correction orders and fines to the two companies for a combined 54 million ($44,103) for the collusion, which occurred in 2015. 

The FTC said it found Siemens Korea and Canon Medical Systems Korea agreed to have the latter play a supporting role for the former to win the bid.

As a result, Siemens believed it had a high chance of winning the bid, but was concerned that the bidding would be cancelled because of a possible departure by Canon Medical Systems from the process.