South Korea slaps Qualcomm with massive fine for anticompetitive behavior
By Chris Ziegler 
posted July 23rd 2009 3:48PM
posted July 23rd 2009 3:48PM
Qualcomm is no stranger to legal action, but at the end of the day, you've gotta hit 'em in the pocketbook if you want to get a company to change its ways. South Korea's antitrust authorities have decided that the wireless chipmaker is guilty of some nefarious deeds, imposing a 260 billion won fine -- that's 26 with ten zeroes after it -- or about $209 million, which is a new record for the agency. The company has a rather large operation in South Korea dealing with giants Samsung and LG, and that seems to be where the problem starts -- South Korea claims that they're offering better contracts to companies who deal exclusively with Qualcomm and shun its competitors, which the government is taking issue with. For its part, Qualcomm denies any wrongdoing and is vowing to "vigorously" defend itself as it works its way through the country's court system. Whatever, we just want cheaper phones, you know?
I GO TO THE SAME DELI ALMOST EVERYDAY BECAUSE BECAUSE THE OWNER KNOWS ME AND CHARGES ME LESS FOR MY SANDWICH AND THROWS IN A FREE BAG OF CHIPS. I WONDER HOW MUCH S KOREA WOULD FINE HIM.
He probably hooks you up in hopes that you'll stop yelling at him.
i don't think that's even a korean bill in the image...
c'mon engadget that is a Yen in the picture ......
That is not a Korean currency note, insulting to Koreans to put a Japanese bank note on there!
actually, it is korean note but oldest one. 1000 Whan and First ROK president LEE.
Correct kk, appologies to engadget. Issued 1950 when the President was Rhee Syng-man