Intel Seeks Reversal of $25M KFTC Fine

Law360, New York (December 10, 2008, 12:00 AM EST) -- Intel Corp. has filed a complaint seeking to overturn a Korean Fair Trade Commission ruling that fined the chip maker more than $25 million for abusing its dominant position in the microprocessor market.

Filed with the Seoul High Court on Dec. 9, the complaint claims that the KFTC “failed to understand the dynamics, pricing and competition in the microprocessor market.”

“Intel also believes that the KFTC has misinterpreted or chose to ignore large amounts of economic evidence and analysis demonstrating the ultimate benefit to consumers from...
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