South Korea: Court rejects Qualcomm request to suspend US$912m antitrust ruling
In the wake of the order filed by South Korea’s antitrust regulator in December 2016 to fine Qualcomm US$912 million, the company filed two lawsuits with the Seoul High Court. One lawsuit is calling for the Korean Fair Trade Commission’s (KFTC’s) decision to be quashed entirely, and a second asking for a temporary suspension until the first suit is resolved. In dismissing the second case on Monday, September 4, Reuters reported, the court said via a spokeswoman that the KFTC order didn’t risk “irreparable damage” to Qualcomm.
The Korean situation is at the root of the ongoing global legal battle between Apple and Qualcomm. In filing its lawsuit in January, Apple accused Qualcomm of withholding nearly US$1 billion in royalties as retaliation for cooperating with Korean antitrust investigators. On a broader level, it said Qualcomm was abusing its market dominance to demand unfair royalties on cellular baseband chips.
“Despite being just one of over a dozen companies who contributed to basic cellular standards, Qualcomm insists on charging Apple at least five times more in payments than all the other cellular patent licensors we have agreements with combined,” Apple said.
The conflict quickly escalated, with Qualcomm leveling countersuits, and Apple telling its manufacturers not to pay Qualcomm royalties. Backed by Apple, those manufacturers filed their own antitrust complaint. The US Federal Trade Commission is meanwhile pursuing a separate case against Qualcomm.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI