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The Wall Street Journal: South Korea fines Qualcomm $852.9 million for alleged antitrust violations

SEOUL — South Korea’s antitrust watchdog fined Qualcomm Inc. $852.9 million for alleged antitrust law violations as the U.S. chip maker faces global scrutiny over its patent-licensing business.

The Korea Fair Trade Commission said on Wednesday that Qualcomm violated antitrust law by limiting the access of competing chipset makers to its patents. The company also forced mobile-phone manufacturing companies into unfair license agreements by refusing to supply crucial phone chips to those that disagree with its terms, the KFTC said.

Qualcomm QCOM, +0.58% used its position as a key chip supplier as a leveraging tool in its negotiations with mobile-phone makers to agree to unfair conditions, said Shin Young-son, Secretary-General at KFTC.

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