South
Korea’s antitrust body said on Wednesday it would cooperate with
counterparts in Europe and the United States as part of the regulator’s
investigation into U.S. chip maker Qualcomm.
The
Korea Fair Trade Commission did not specify what it was investigating
Qualcomm for, but the company is facing regulatory probes into alleged
anti-competitive practices in several countries and agreed to pay a $975
million fine in China early this year following a 14-month
investigation.
The
Korea Fair Trade Commission, in a statement, said its officials met
counterparts from the European Commission on Monday and agreed to hold
“working-level discussions” about the Qualcomm probe. It added that it
would also work with the United States and other countries and examine
similar cases abroad.
An
earlier report points out that Qualcomm has launched a unit in China to
help local smartphone makers expand operations in overseas markets.
This is part of Qualcomm’s efforts to build strong relationship with
China, specially since more than half of Qualcomm’s revenue comes from
Chinese customers.
Qualcomm
makes a lot of its profits by licensing out its wireless patents. A lot
of Chinese phone makers had complained about Qualcomm pricing its
technology unfairly, which led to a 15-month long investigation of the
US company.
Posted by : Gizmeon
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