PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Thursday, June 05, 2008

Intel fined $25 million for antitrust violations in South Korea
Andrew Gilmore at 12:00 PM ET

[JURIST] The Korean Fair Trade Commission (KFTC) [official website] Thursday levied nearly $26 million in fines against US computer chip manufacturer Intel Corp. [corporate website] after a KFTC probe [JURIST report] found that the company had engaged in anti-competitive practices. Intel allegedly offered rebates to South Korean computer makers in return for not using chips made by Intel rival Advanced Micro Devices (AMD) [corporate website]. An official notification of the fine is still pending, but Intel indicated that it would appeal. Reuters has more. The Joong Ang Daily has local coverage.

The South Korean fine comes amidst other global probes into Intel's rebate program. In February, the European Commission carried out an unannounced inspection [JURIST report] at Intel's Munich office as part of the European investigation [JURIST news archive] into the rebate program. In January, the state of New York opened an investigation [JURIST report] into possible Intel anti-competitive practices directed at AMD. In October 2007, the US Federal Trade Commission announced it would not open a formal investigation [JURIST report] into Intel's rebate program.






Link | |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 Nuclear Regulatory Commission approves first new plant in over 30 years
10:37 AM ET, February 12

 Groups petition Supreme Court to overturn Montana ban on corporate campaign spending
3:18 PM ET, February 11

 Apple sues Motorola in federal court over patent claims in Germany
2:30 PM ET, February 11

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

Hungary and Mexico's Constitutional Parallels
FOREIGN
Kevin Govern
Ave Maria School of Law

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@pitt.edu