Intel takes SKorea’s fair trade watchdog to court
Intel Corp. said Wednesday it is taking South Korea’s fair trade watchdog to court over a decision to fine the semiconductor giant for undercutting competitors. Intel filed a formal complaint at the Seoul High Court to try and overturn the Korea Fair Trade Commission decision, the Santa Clara, California-based company said in a statement.
he company said it was reacting to a final written decision by the commission last month ordering Intel to pay 26.6 billion won ($18.6 million) for violating fair trade rules. The regulator ruled that Intel paid rebates to South Korean computer companies to undercut main rival Advanced Micro Devices Inc. of Sunnyvale, California. The commission charged Intel last year with violating antitrust laws after completing a two-year probe and released an initial decision in June.
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