KFTC Hits Qualcomm With Record $208M Fine

Law360, New York (July 23, 2009, 7:12 PM EDT) -- The Korean Fair Trade Commission on Thursday levied a 260 billion won ($208 million) fine against Qualcomm Inc. and ordered the company to end its allegedly unfair licensing practices related to chip-set sales.

The ruling handed down by the KFTC marked the largest fine the antitrust agency has ever imposed against a single company.

Qualcomm abused its dominant position in the South Korean marketplace by charging higher royalties for its code division multiple access technologies to companies that bought modem chips from Qualcomm's competitors and by...
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