South Korea Antitrust Fines Jump 36% In 2009

Law360, New York (March 31, 2010, 3:57 PM EDT) -- The total amount of fines imposed by South Korea for antitrust violations jumped nearly 36 percent in 2009, with the increase driven largely by a significant penalty levied on Qualcomm Inc., the country's competition regulator announced.

The Korea Fair Trade Commission issued approximately $327.6 million (371 billion won) in fines in 2009, a 35.9 percent increase from the $241 million (272.9 billion won) in penalties issued the year before, the antitrust watchdog said in 2009 enforcement statistics released Tuesday.

The KFTC also said it processed a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.