Supreme Court upholds fine against Qualcomm

Home > Business > Industry

print dictionary print

Supreme Court upholds fine against Qualcomm

Korea’s highest court has rejected Qualcomm’s call to suspend corrective measures taken by Korea’s antitrust watchdog, the Fair Trade Commission said Tuesday.

Last December, the commission slapped Qualcomm with a record fine of 1.03 trillion won ($951 million) for abusing its dominant position in the mobile communications market and ordered it not to sign unfavorable terms with customers.

The commission said Qualcomm and its two affiliates breached Korean competition laws by refusing to offer licenses to chipset manufacturers and demanding high fees for patents used by smartphone makers.

Calling the ruling “unprecedented and insupportable,” Qualcomm took the case to the Seoul High Court in February, but the court rejected it in September. The company then appealed to the Supreme Court.

Qualcomm holds a majority share of standard essential patent rights in CDMA and LTE standards, posting $7.95 billion in royalties in 2015. Yonhap

More in Industry

Chuseok delivery strike canceled as headcount increased

BMW Motorrad channels 1936 for its latest bike

Battery business IPO won't affect LG Chem's controlling stake, company says

Hyundai Construction Equipment signs Algeria forklift deal

FSS permits financial sector workers to use networks remotely

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now