Yesterday it was reported that Intel Corp. had filed a lawsuit to the Seoul High Court against a 26 billion won ($18.7 million) fine handed down by Fair Trade Commission(FTC).
Previously the FTC fined Intel in June for abuse of its market dominating position after a three-year investigation. According to the agency, Intel had been offering rebates to major local personal computer makers, including Samsung Electronics, on condition that they not buy central processing units from Intel’s rival, U.S.-based Advanced Micro Devices.
Under Monopoly Regulation and Fair Trade Act(MRFT) of Korea, “No market-dominating enterpriser shall commit acts such as unreasonably interfering with the business activities of other enterprisers or unreasonably impeding the participation of new competitors”. Intel is currently being regarded as a market-domination enterpriser under MRFT.
Intel stated in its complaint that FTC had made errors both in fact finding and legal reasoning and the Court would confirm there had been no violation of law in Intel’s business in Korea.
© 2008 Wonil Chung, a Korean Anti-trust Lawyer/Chung & Partners, a Korean Anti-trust Law Firm. All rights reserved. Some copyrights, photos, icons, trademarks, trade dress, or other commercial symbols that appear on this post are the property of the respective owners.