trending Market Intelligence /marketintelligence/en/news-insights/trending/2tLXzn5zWDorcTOcNEiaHA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

South Korea reduces decade-long Qualcomm fine to $200M

IFRS 9: Time is Running Out for Insurance Companies to Comply

5 Quant Research Traps to Avoid

S&P Global Market Intelligence

Wind Power by the Numbers: U.S., Canada and Mexico

CUSIP Identifier Requests for New U.S. Corporate Debt Surge in January

South Korea reduces decade-long Qualcomm fine to $200M

South Korea's antitrust regulator has reduced a decade-old fine imposed against Qualcomm Inc. by 18%, in response to an action by the U.S. Supreme Court, Reuters reported, citing the Korea Fair Trade Commission.

The penalty was lowered to $200 million, from about $242.6 million, following a move by the U.S. top court in January to reverse a lower court ruling against Qualcomm for abusing its dominant market position in CDMA modem and radio frequency chips.

The modem and chips were then used by phone makers Samsung Electronics Co. Ltd. and LG Electronics Inc.

In a separate ruling, Qualcomm and its affiliates also received a fine of 1.03 trillion South Korean won in 2016 from the KFTC for failing to properly negotiate the terms of its licenses.

As of March 20, US$1 was equivalent to 1,129.12 South Korean won.