Keith Laing The Detroit News Published 6:52 PM EDT Sep 25, 2018 Washington — Automakers are applauding President Donald Trump for signing a new U.S.-Korea Free Trade Agreement at a time when it appears their pleas related to other trade agreements have fallen on deaf ears in Washington. The Trump administration has touted the new agreement with South Korea, known as KORUS, as fulfillment of a Trump campaign promise to renegotiate trade deals that he has derided as “unfair” to U.S. workers. The agreement comes at a delicate time for diplomatic relations with North and South Korea, with the latter trying to broker a deal on denuclearization between the U.S. and its northern counterpart. It also comes as it appears increasingly unlikely that the Canada will not join the U.S. and Mexico in the Trump administration's proposed replacement for the North American Free Trade Agreement, dealing a blow to automakers' … [Read more...] about Carmakers laud U.S.-South Korea trade deal
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A number of companies with foreign operations in China have been coming under scrutiny over “anti-trust” issues or allegations of monopolistic business practices. Microsoft is currently getting plenty of attention at the moment, but Qualcomm has emerged from over a year of “investigations” alleged price-fixing, resulting in the company agreeing to a $1 billion settlement.The fine is not going to break the company, but the whole affair has prompted Qualcomm to adjust its earnings forecast down a little bit for the year.Now that China is settled however, it appears South Korea may be next in line to consider Qualcomm’s dominance in the market for an investigation. There was no comment from South Korea’s Fair Trade Commission, but local media is reporting that an investigation is already underway, focusing on whether Qualcomm’s collection of royalty payments for its patents violated Korean anti-trust regulations.Unfortunately, South Korea is … [Read more...] about After paying the piper in China, Qualcomm may be facing a similar shakedown in South Korea
Qualcomm may face a $900 million fine if the Fair Trade Commission (FTC) of South Korea finds the company guilty of abusing its patents. According to allegations, Qualcomm has charged Korean manufacturers unreasonably steep fees for licensing its products, thus violating the principle of fair market competition. The first verdict of the FTC will be revealed on July 20, and should Qualcomm be found guilty of preliminary allegations, the company may face the largest fine ever issued by the FTC of South Korea.An FTC official, speaking to The Korea Times, had this to say on the matter:Qualcomm has been collecting royalties from manufacturers on a per-product basis, calculating the fees based on the value of the whole product, rather than only on the used Qualcomm-patented parts. The company has been collecting some $1.27 million annually from manufacturers such as LG and Samsung. Last year, Qualcomm faced a similar $1 billion fine after an anti-trust dispute in China.source: The Korea … [Read more...] about Qualcomm could be fined $900 million by South Korea over patent abuse
posted on 18 Jul 2016, 08:57 0 1. Barney_stinson (banned) (Posts: 672; Member since: 30 May 2016) Weird s**t;!!! posted on 18 Jul 2016, 09:51 2 2. TechieXP1969 (Posts: 14967; Member since: 25 Sep 2013) Make the liars pay! posted on 18 Jul 2016, 10:32 0 3. ebilcake (Posts: 1093; Member since: 16 Jul 2016) Oh dear, hopefully nothing will come of this. posted on 18 Jul 2016, 11:14 0 4. marorun (Posts: 5029; Member since: 30 Mar 2015) Lol wana bet Samsung and LG started this? Cant beat them or make better stuff so you have to sue. Basically acting like apple on this one. posted on 18 Jul 2016, 12:38 1 5. ebilcake (Posts: 1093; Member since: 16 Jul 2016) But they are making better stuff, last time I checked Exynos 8890 provided better overall performance well being more efficient, as did Exynos 7420 in last gen devices. posted on 18 Jul 2016, 12:53 2 6. tedkord (Posts: 15821; Member since: 17 Jun 2009) What didn't they make better? The … [Read more...] about Comments for : Qualcomm could be fined $900 million by South Korea over patent abuse
According to a report published today by Bloomberg, two-years ago an unnamed Apple executive spoke with his counterpart at Samsung in an attempt to get anti-trust regulators in South Korea to put more pressure on Qualcomm. Apple is seeking to lower the royalty payments it makes for the use of certain Qualcomm patents. The chipmaker also has failed to pay Apple nearly $1 billion in royalty rebates that it reportedly owes the company. Apple claims that this was done in retaliation for its involvement in Qualcomm's Korean anti-trust issues, and filed a lawsuit against the San Diego based firm. That kicked off a series of suits filed globally between Apple and Qualcomm. Also, contract manufacturers that assemble the iPhone and iPad like Compal Electronics Inc., Foxconn Technology Group, Pegatron Corp. and Wistron Corp. stopped making royalty payments to Qualcomm at Apple's request. That resulted in a lawsuit filed by Qualcomm against those companies.Qualcomm has been accused of not … [Read more...] about Apple executive pressured Samsung to turn up the legal heat against Qualcomm in South Korea?