Tue, Dec 21, 2004 - Page 10 News List

Hon Hai backs down against reporter


Hon Hai Precision Industry Co (鴻海精密), the nation's largest electronics firm by sales, has agreed to withdraw an injunction against a reporter over a newspaper story published in April which the company claims will cost it NT$30 million.

In a joint statement with the Chinese-language Commercial Times, Hon Hai said that since both sides had agreed to maintain better communication in fact-checking in the future, the company would ask the Taipei District Court to end a freeze on the assets of the journalist who had written the story.

The freeze was part of the company's compensation claim of NT$30 million.

Both sides agreed that accurate reporting is key to business development, the statement read.

Hon Hai's withdrawal of the court action against Joyce Kung (曠文琪), a business reporter at the newspaper, comes after the Association of Taiwan Journalists (ATJ) announced on Thursday it had started a petition with a target of collecting 10,000 signatures by tomorrow to pressure the firm.

In the story, Kung revealed Hon Hai's quotes for connectors at US$7. Hon Hai saw the story as detrimental to its marketing strategy, and one that would trigger price ambushes from rivals.

The ATJ condemned Hon Hai's injunction as an instance of corporate encroachment on press freedom. The injunction has caused Kung's salary to be cut by 33 percent per month since June.

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