Korea Blasts Qualcomm with $865M Fine
Dec 29, 2016, 8:15 AM by Eric M. Zeman
Qualcomm this week refuted accusations made by the Korea Fair Trade Commission that it has violated Korean antitrust laws. The KFTC says Qualcomm has abused its dominant position in the market with unfair and unnecessarily broad licensing practices for wireless technology and modems. The fine is the largest ever filed by South Korea against a single company. The Korean agency also says Qualcomm inhibited competition by refusing to license its standard essential patents to rivals, such as Intel, MediaTek, and Samsung. Qualcomm says the KFTC's accusations lack merit and it will fight the decision in court. It plans to ask for an immediate stay and will appeal the amount of the fine. In February 2015, Qualcomm was forced to settle with China's antitrust agency for $975 million. Later that same year, Qualcomm faced down the European Union over similar business practices. It may be years before the case with Korea is fully settled.
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