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...
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