• Kyodo

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Japanese industrial parts maker Minebea Co. and its local sales subsidiary have been indicted in Seoul for alleged price collusion, local media reported Sunday.

According to the Yonhap news agency, Minebea is accused by prosecutors of having colluded with another Japanese firm in fixing the price of small bearing products supplied to Samsung Electronics Co. and LG Electronics Inc. between June 2003 and July 2011.

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