South Korea regulators fine Intel $25 million
Korea Fair Trade Commission says the chip giant had offered rebates to PC makers in South Korea in return for not buying processors from rival Advanced Micro Devices.
South Korea's antitrust regulators announced Wednesday that they would fine Intel 26 billion won ($25.4 million) for allegedly abusing its dominant position in the local chip market.
The Korea Fair Trade Commission said in a statement that the chip giant had offered rebates to two PC makers in South Korea in return for not buying processors from rival Advanced Micro Devices. Regulators also ordered Intel to stop offering the rebates.
Bruce Sewell, general counsel for Santa Clara, Calif.-based Intel, criticized the ruling, and told the Wall Street Journal that the company is likely to appeal the KFTC's decision. "The conduct they're seeking to attack is the conduct at the heart of competition. It is offering lower prices in order to sell your products," he said.
The charges mirror those, which also alleges that the chipmaker violated antitrust laws by abusing its dominant market position.
The KFTC charged Intel with violating South Korean antitrust laws last year after.