China talks to South Korea over Qualcomm violations

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

Chinese antitrust officials have reached out to South Korea's regulatory commission in order to talk over Qualcomm's (NASDAQ:QCOM) violations of a 2008 anti-monopoly law.

South Korea previously fined Qualcomm more than $200M in 2009 for abusing its dominant market position and China is looking for ways to handle the violations back home.

China's anti-trust regulator can issue a fine of as much as a tenth of a company's annual revenue, which was $25B for Qualcomm this past year.