South Korean watchdog cuts Qualcomm fine

Stefan Mileschin · 22nd March 2019, 09:31

Only $200 million now

South Korea’s antitrust regulator has lowered a decade-old penalty imposed on US chipmaker Qualcomm by 18 percent to $200 million.

The reduction comes after the Supreme Court overturned in January one of several lower court rulings against the company for abusing its dominant market position.

In 2009, the KFTC fined Qualcomm $242.6 million for abusing its market power in CDMA modem and radio frequency chips, which were then used in handsets made by South Korea’s Samsung and LG .

The KFTC said it had reset the penalty to reflect the Supreme Court’s ruling, adding however that a “monopolist enterprise’s abuse of its market position cannot be tolerated”.

The fine is the latest in a series of antitrust rulings and investigations faced by Qualcomm from regulators across the globe.

In a separate case, the South Korean regulator fined Qualcomm $854 million in 2016 for what it called unfair business practices in patent licensing and modem chip sales.

https://fudzilla.com/news/48366-sout...-qualcomm-fine

22nd March 2019, 09:31	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	South Korean watchdog cuts Qualcomm fine Only $200 million now South Korea’s antitrust regulator has lowered a decade-old penalty imposed on US chipmaker Qualcomm by 18 percent to $200 million. The reduction comes after the Supreme Court overturned in January one of several lower court rulings against the company for abusing its dominant market position. In 2009, the KFTC fined Qualcomm $242.6 million for abusing its market power in CDMA modem and radio frequency chips, which were then used in handsets made by South Korea’s Samsung and LG . The KFTC said it had reset the penalty to reflect the Supreme Court’s ruling, adding however that a “monopolist enterprise’s abuse of its market position cannot be tolerated”. The fine is the latest in a series of antitrust rulings and investigations faced by Qualcomm from regulators across the globe. In a separate case, the South Korean regulator fined Qualcomm $854 million in 2016 for what it called unfair business practices in patent licensing and modem chip sales. https://fudzilla.com/news/48366-sout...-qualcomm-fine

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
UK privacy watchdog slaps Yahoo with another fine over 2014 hack	Stefan Mileschin	WebNews	0	13th June 2018 09:49
Amazon faces record fine from French fraud watchdog	Stefan Mileschin	WebNews	0	21st December 2017 18:46
South Korean watchdog bites Qualcomm	Stefan Mileschin	WebNews	0	28th March 2017 17:50
China bans new South Korean games over a political crisis	Stefan Mileschin	WebNews	0	13th March 2017 09:03
Samsung's South Korean leader has been arrested for bribery	Stefan Mileschin	WebNews	0	20th February 2017 05:39
Korean watchdog backs Samsung's findings on faulty Note 7 batteries	Stefan Mileschin	WebNews	0	8th February 2017 11:04
Samsung raided by South Korean watchdogs	Stefan Mileschin	WebNews	0	9th November 2016 05:42
Watchdog could fine Toshiba $60 million	Stefan Mileschin	WebNews	0	20th November 2015 09:30
Playing video games well can get you into a top South Korean university	Stefan Mileschin	WebNews	0	20th March 2014 09:05
South Korean banks report massive cyber attack	Stefan Mileschin	WebNews	0	21st March 2013 06:33