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Qualcomm faces record KRW 1 trillion fine in Korea - report

Monday 18 July 2016 | 11:14 CET | News
Qualcomm faces a fine of up to KRW 1 trillion in Korea for allegedly violating anti-trust regulations, the Fair Trade Commission (FTC) said. If the fine is implemented, it will be the largest fine ever issued by the country's anti-trust regulator, The Korea Times reports. According to an unnamed FTC official, the decision follows a 17-month investigation of Qualcomm's practices that breached fair trade rules.

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Categories: General
Companies: Qualcomm
Countries: Korea, Republic of
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