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China taps South Korea for ideas in Qualcomm antitrust case

21
Aug
2014

Qualcomm is one of at least thirty foreign firms to come under scrutiny as China seeks to enforce a 2008 anti-monopoly law – efforts some critics say have unfairly targeted overseas businesses, raising protectionism concerns. The Korea Fair Trade Commission (KFTC) fined San Diego-based Qualcomm more than $200 million in 2009 for abusing its dominant market position, but the stakes are bigger in China, where an investigation by the National Development and Reform Commission (NDRC) could trigger changes to Qualcomms licensing deals and fines of as much as a tenth of a companys annual revenue.

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