The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Sat, July 2, 2022 | 07:53
Business
Intel Faces Penalty for Alleged Biz Irregularities
Posted : 2007-09-11 17:06
Updated : 2007-09-11 17:06
Print Preview
Font Size Up
Font Size Down
By Ryu Jin
Staff Reporter

South Korea’s antitrust regulator has recently completed a two-year investigation into Intel’s alleged business irregularities and is expected to impose a penalty against the U.S. chip giant by October at the latest according to sources, Tuesday.

Following a similar investigation into Microsoft by the Fair Trade Commission (FTC) two years ago, the latest decision of the corporate watchdog is drawing keen attention from the industry amid the global controversy over the U.S. firm’s monopolistic status.

Since June 2005, FTC officials have been looking into the allegations that Intel, the world’s largest chipmaker based in California, misused its dominant market position in South Korea.

``The FTC gained some evidence backing up suspicions that Intel has offered discounts to computer makers in exchange for sealing exclusive deals, and coerced dealers not to buy products from rivals such as Advanced Micro Devices (AMD),’’ one source said.

``FTC investigators have presented a report to its internal deliberating committee,’’ the source said on condition of anonymity. ``The antitrust commission is expected to reach a decision on a penalty no later than October.’’

Chuck Mulloy, legal affairs spokesman for Intel in Santa Clara, Calif., was quoted by the Associated Press as saying that the company received last week what he described as a ``statement of objection’’ from the commission.

``We're hopeful that we'll be able to show the commission that the microprocessor market is functioning normally and that this is an extremely competitive market and that our conduct has been pro-competition and beneficial to consumers,’’ he said.

Intel has the right to respond to the findings and could ask for a hearing. If it remains unsatisfied, the company can also take the issue to court in South Korea, according to the Free Trade Law.

If sanctioned, Intel would be the second U.S. technology firm to face a South Korean-imposed penalty, following the 33-billion-won ($35.1 million) fine imposed on software giant Microsoft in 2005 for bundling programs with its Windows operating system.

Intel has faced a number of legal actions over similar charges around the globe. It was given warnings by Japan's corporate watchdog in March 2005, while European Union (EU) regulators also charged it in late July. Intel denies breaking any laws.

jinryu@koreatimes.co.kr
 
LG
LG
  • 'Crypto rebound will be more powerful than stocks'
  • Economic Essay Contest for University Students
  • Negative views of China among Koreans hit all-time high: survey
  • Yoon dismisses China's claim that Korea is joining NATO's Indo-Pacific expansion
  • 1,000 people evacuated from building in central Seoul after tremor
  • Baemin, Coupang Eats scramble to retain delivery drivers
  • Bodies of child, parents found in vehicle recovered from water
  • Yoon heads home after attending NATO summit in Spain
  • Ruling party's odd man out
  • Yellen to discuss supply chains, imposing costs on Russia during visit to Seoul
  • Korean studies struggles to grow despite success of K-pop, K-dramas Korean studies struggles to grow despite success of K-pop, K-dramas
  • [INTERVIEW] Bae Suzy shows another side in 'Anna' [INTERVIEW] Bae Suzy shows another side in 'Anna'
  • Korea's 1st queer romance reality show to hit air July 8 Korea's 1st queer romance reality show to hit air July 8
  • [INTERVIEW] Filmmaker points lens at North Korea's political prison camps [INTERVIEW] Filmmaker points lens at North Korea's political prison camps
  • Naver Webtoon launches horror-themed playground in metaverse Naver Webtoon launches horror-themed playground in metaverse
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group