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South Korea court upholds $873 million antitrust penalty for Qualcomm

FILE PHOTO: Signs of Qualcomm and 5G are pictured at Mobile World Congress (MWC) in Shanghai
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SEOUL (Reuters) - A South Korean court on Wednesday upheld a record fine of $873 million (680 million pounds)for U.S. chip giant Qualcomm , imposed by the Asian nation's antitrust watchdog in 2016 over unfair business practices.Seoul High Court's presiding judge Noh Tae-ak said in a ruling that Qualcomm abused its dominant market position, as a reason for upholding the regulator's penalty.It was..
Date Published: Dec 04, 2019
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