Qualcomm faces fines in Korea

Stefan Mileschin · 18th July 2016, 11:15

Qualcomm faces up to a $883,259,284 fine in Korea for allegedly violating anti-trust regulations, the Fair Trade Commission (FTC) said.

The decision follows a 17-month investigation of Qualcomm's practices that breached fair trade rules, an official said.
If that is the number involved it will be the largest fine ever issued by the country's anti-trust regulator.

"The FTC's mission is to encourage fair market competition between market players. Qualcomm's business model is still controversial because it charges excessively high licensing fees and requires unfair conditions for use of its patents," said another FTC official.

He said the anti-trust agency will take steps to stop Qualcomm taking advantage of its dominant position.
It will fix the final fine at a policy-setting commission meeting, after reviewing a response from Qualcomm.
The FTC plans to close the case by the end of the year.

http://fudzilla.com/news/processors/...fines-in-korea

18th July 2016, 11:15	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	Qualcomm faces fines in Korea Qualcomm faces up to a $883,259,284 fine in Korea for allegedly violating anti-trust regulations, the Fair Trade Commission (FTC) said. The decision follows a 17-month investigation of Qualcomm's practices that breached fair trade rules, an official said. If that is the number involved it will be the largest fine ever issued by the country's anti-trust regulator. "The FTC's mission is to encourage fair market competition between market players. Qualcomm's business model is still controversial because it charges excessively high licensing fees and requires unfair conditions for use of its patents," said another FTC official. He said the anti-trust agency will take steps to stop Qualcomm taking advantage of its dominant position. It will fix the final fine at a policy-setting commission meeting, after reviewing a response from Qualcomm. The FTC plans to close the case by the end of the year. http://fudzilla.com/news/processors/...fines-in-korea

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