Korean Antitrust Authorities Raid Qualcomm Offices

Law360, New York (April 5, 2006, 12:00 AM EDT) -- South Korean antitrust officials have raided the Seoul offices of wireless chipmaker Qualcomm Inc., opening an inquiry into possible abuse of dominant market position by the San Diego-based company.

The investigation is the latest in a series of regulatory actions against U.S. technology firms operating in Korea, with the Korean Fair Trade Commission (KFTC) maintaining that its efforts are aimed at ensuring Korean technology companies are able to grow and compete.

“Qualcomm's business practices are lawful and pro-competitive,” Qualcomm president Steve Altman said in a statement....
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