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Qualcomm Slapped with $208 Anti-Trust Fine in S. Korea

Jul 23, 2009, 7:27 AM by Eric M. Zeman

The Korean Fair Trade Commission (KFTC) has levied the equivalent of a $208 million fine against U.S.-based Qualcomm. The anti-trust agency alleges that Qualcomm discriminates against companies that use competitors' products. Qualcomm's largest customers in South Korea are Samsung and LG, two of the world's biggest suppliers of mobile phones. In South Korea, Qualcomm owns 99.4% of the CDMA market. The KFTC said, "When licensing its CDMA mobile technology, Qualcomm levied higher royalties on companies that used modem chips supplied by rival companies." The KFTC also alleges that Qualcomm provided rebates to companies that used its chips. The allegations and fine cap a three-year investigation into Qualcomm's activities in South Korea. Qualcomm stated, "There has been no illegal activity."

Reuters »

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Comments

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flip mode

Jul 23, 2009, 9:30 PM

See....

Normally I'd say ah hah! another corporation gets what they deserve...but after reading the whole article I can't honestly say whats wrong with that. They're doing like almost a Sam's Club membership type of thing. If you have people support your company you should give them discounts. Like walmart for instance...they should put a card in place to keep track of every in-store purchase which in turn gives you points to most merchandise in the store with the exception of alcohol im sure that would be a state regulated issue, I know thats how it is in the state of Michigan but that would be make people happy to have a card like that or some similar system. my thing is "give back to the people who made you so big"

Globhead

The difference is, Sam's Club doesn't get to charge you royalties if you shop at Target

ecycled

Jul 23, 2009, 10:38 AM

I'll pay it for them

I know they mean 208 million but the headline of $208.00 made me laugh at a glance. 🤣

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