Qualcomm to Appeal Stay Denial to Korea Supreme Court
Qualcomm to Appeal Stay Denial to Korea Supreme Court
  • By Yeon Choul-woong (info@koreaittimes.com)
  • 승인 2017.09.06 10:10
  • 댓글 0
이 기사를 공유합니다

Qualcomm Incorporated (NASDAQ: QCOM) announced on September 5 that the Seoul High Court (Court) has denied the Company’s application to stay the operation of the remedial order issued against it by the Korea Fair Trade Commission (KFTC). Qualcomm will file an immediate appeal of the stay decision to the Korea Supreme Court.

The Court denied Qualcomm’s stay application after finding that the Company’s business will not suffer irreparable harm if the KFTC’s order remains in effect. The KFTC’s order reviewed by the Court does not invalidate any existing license agreements, does not prohibit Qualcomm from entering into licenses for its standard essential patents (SEPs) and other patents at the device level and does not limit the royalties Qualcomm can seek or collect for SEPs under its current or future licenses as long the license agreements are consistent with Qualcomm’s FRAND commitments. As the Company has described in its prior public financial statements, the order requires Qualcomm to engage in good-faith negotiations with chip companies seeking a license and to negotiate possible amendments with current licensees upon request.
The Court’s decision to deny Qualcomm’s stay application does not impact Qualcomm’s appeal of the underlying KFTC decision, which the Seoul High Court will consider later. Qualcomm continues to believe that the KFTC’s decision is not supported by the facts and law, and was the product of a hearing and investigation that denied Qualcomm fundamental due process rights. Qualcomm also intends to preserve and pursue its arguments that the KFTC’s underlying decision exceeds its authority and principles of international law by inappropriately seeking to regulate intellectual property rights arising under the laws of other nations, including the United States.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1005, 65 YeouiDaebang-Ro, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07333)
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 1-778-686-0116/ 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트