Republic of Korea: Korean Fair Trade Commission investigation into Qualcomm for abuse of dominance
Progress
Current status
in force
13 Apr 2023 in force
28 Dec 2016 in force
Scope
Implementers
Republic of Korea
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
semiconductors
Government Branch
judiciary
executive
Government Body
supreme court
competition authority
Implementation Level
national
Timeline of events
Issued Supreme Court ruling on Qualcomm’s abuse of market dominance
On 13 April 2023, the Korean Supreme Court issued a ruling confirming the Korean Fair Trade Commission's (KFTC) record fine of KWN 1.03 trillion imposed in 2016 on Qualcomm, a US-based chipset and semiconductor producer, for unfair business practice…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
supreme court
Qualcomm fined 1.03 trillion won ($854 million) for abuse of market dominance
On 28 December 2016, the Korean Fair Trade Commission (KFTC) issued a 1.03 trillion won ($854 million) fine to Qualcomm, a chipset and semiconductor producer. The fine was issued because Qualcomm violated several Korean antitrust laws by abusing its…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
competition authority