South Korean an­titrust reg­u­la­tor fines Qual­comm $865 mil­lion.

The Denver Post - - BUSINESS -

South Korea’s an­titrust reg­u­la­tor slapped a 1.03 tril­lion won ($865 mil­lion) fine on Qual­comm on Wed­nes­day for al­legedly vi­o­lat­ing com­pe­ti­tion laws.

The Fair Trade Com­mis­sion said that the San Diego-based com­pany had en­gaged in un­fair busi­ness prac­tices in patent li­cens­ing and chip sales, in­clud­ing re­fus­ing to let ri­val chip­mak­ers li­cense patents es­sen­tial for chip mak­ing.

The FTC said Qual­comm al­legedly used its dom­i­nant po­si­tion in the mo­dem chip mar­ket to force hand­set mak­ers to pay li­cense fees for a broad set of patents un­der terms it set uni­lat­er­ally and to co­erce hand­set mak­ers into sign­ing li­cens­ing con­tracts.

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