Qualcomm’s request to suspend order by antitrust agency rejected by court in South Korea

News Hour:

A South Korean court on Monday rejected Qualcomm Inc’s request to suspend an order by the country’s antitrust agency to take corrective action on the way it licenses patents.

In December, the Korea Fair Trade Commission (KFTC) fined Qualcomm 1.03 trillion won ($912.34 million) for what it called unfair business practices in patent licensing and modem chip sales, reports Reuters.

The regulator also ordered the U.S. firm to negotiate in good faith with rival chip makers on patent licensing and renegotiate chip supply agreements with mobile phone makers if requested.

If the order is upheld, such measures would affect Qualcomm’s dealings with major tech firms including Apple Inc, Intel Corp, Samsung Electronics Co Ltd and Huawei Technologies Co Ltd.

Qualcomm subsequently filed two lawsuits in the Seoul High Court, one calling for the nullification of the regulator’s decision and another seeking the suspension of the corrective order until a ruling on the first is made.

The court turned down the suspension request because it did not believe the regulator’s order would pose a risk of “irreparable damage” to Qualcomm, a spokeswoman told Reuters.

The court has not yet made a ruling on the first lawsuit calling for the cancellation of the regulator’s decision. A spokeswoman at Qualcomm’s South Korean’s unit did not have any immediate comment.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
The miracle of Hyperbaric Oxygen Therapy (HBOT) and its potential in Bangladesh
Paperfly launches delivery services covering 64 districts in Bangladesh
Huawei introduces EMI facilities for smartphone purchase in Bangladesh
Banglalink launches digital entertainment platform Toffee

Advertisement

News of the Month

September 2017
S M T W T F S
« Aug   Oct »
 12
3456789
10111213141516
17181920212223
24252627282930
Scroll Up
%d bloggers like this: