Wednesday, 28 December 2016

Qualcomm fined $850 million in South Korea for violating antitrust laws

It looks like Qualcomm is slowly becoming one of the most fined company in the smartphone business. In just two years, the US-based company was forced to pay almost $200 million in fines.

The last fine Qualcomm was hit with dates from last year when the company had to pay $975 million in China after it was found guilty for not abiding to the country's antitrust regulatory laws.

Today, South Korea's Fair Trade Commission (KFTC) announced it has decided to fine Qualcomm a whopping $853 million for violating antitrust laws.

According to KFTC, some of Qualcomm's business practices ...

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