Korea's FTC to monitor anti-competitive behaviour in 5G

Korea's FTC to monitor anti-competitive behaviour in 5G 1

South Korea’s Fair Trade Commission (FTC) will “closely monitor” anticompetitve behaviour that can occur during the transition from 4G to 5G, the commission’s chairwoman said.

“We plan to closely monitor semiconductor companies blockading market entry of competitors, which may occur during the transition to 5G [from LTE],” FTC chairwoman Cho Sung-wook told a press conference.

She didn’t name relevant companies but her comments are widely interpreted as being aimed at US chip giant Qualcomm.

Qualcomm was slapped with a steep $865 million fine by the FTC back in 2016. FTC has deemed Qualcomm’s patent licensing practices for smartphone-making clients and chip competitors to be an abuse of standard essential patents (SEP) and its dominant position, and against fair, reasonable, and non-discriminatory (FRAND) terms. South Korean smartphone makers Samsung and LG use the US chip giant’s Snapdragon application processor for their smartphones.

Earlier this month, Qualcomm’s appeal was rejected by the Seoul Central District Court and the case is now being reviewed at the Supreme Court.

Qualcomm has consistently denied that its licensing practices were anti-competitive.

The FTC is planning to form an investigative team solely focused on monitoring the semiconductor sector in the first quarter of 2020, Cho said.

Also at the conference, Song Sang-min, chief of the FTC’s anti-monopoly bureau, said anti-competitive behaviour always occurred during transition from 2G to 3G, 3G to 4G, and so forth. 

“We believe this can occur again during the transition from 4G to 5G,” Song said. 

“Such behaviour include forced bundling of product and services as well as exclusive trading.” 

Since launching 5G networks back in April, South Korea has garnered 4 million users in 5G as of October. 

Qualcomm unveiled its new Snapdragon 865 5G platform earlier this month, which will begin shipping in the first quarter of 2020. The chip is expected to power flagship smartphones from major vendors such as Samsung next year.

Related Coverage

HTC believes VR is the next big tech opportunity for education

But VR will only truly flourish when 5G does, HTC said.

Huawei opens 5G innovation centre in London

It hopes the centre will encourage further collaboration with those in the UK 5G ecosystem.

Samsung to supply 5G telecom equipment to Canada

Samsung’s supply deal with Videotron marks its first entry into Canada for telecom equipment.

Canberra to spend AU$9 million combatting 5G misinformation

The Australian government believes people who already think 5G is a dangerous conspiracy will listen to it.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,819 0.95 % 1.51 % 2.24 %
Ethereum1,983.0 1.25 % 0.10 % 5.36 %
Tether0.9992 0.07 % 0.07 % 0.14 %
BNB330.89 1.05 % 1.07 % 7.95 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
XRP0.4082 0.73 % 0.28 % 7.06 %
Binance USD0.9997 0.05 % 0.19 % 0.18 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana49.04 1.54 % 1.61 % 14.60 %
Polkadot9.990 2.22 % 0.11 % 9.62 %

Bitcoin (BTC) $ 29,962.00
Ethereum (ETH) $ 1,987.22
Tether (USDT) $ 1.00
BNB (BNB) $ 332.13
USD Coin (USDC) $ 1.00
XRP (XRP) $ 0.409321
Binance USD (BUSD) $ 0.998458
Cardano (ADA) $ 0.521357
Solana (SOL) $ 49.29
Polkadot (DOT) $ 10.03