FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) - Samsung Electronics and four affiliates have been fined 234.9 billion won ($207 million) for giving affiliate Samsung Welstory in-house cafeteria contracts since 2013 and ensuring a high profit margin, the Korea Fair Trade Commission (KFTC) watchdog said on Thursday.
Samsung Electronics said in a statement that there was no unfair support, the company strove to provide quality meals for its staff, and that it plans to show that the contracts were normal transactions by disputing the KFTC's decision in administrative litigation after review.
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