South Korea regulator fines Qualcomm $854 million for violating competition laws

By Se Young Lee SEJONG, South Korea (Reuters) - South Korea's antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. firm said it will challenge in court. The Korea Fair Trade Commission (KFTC) said on Wednesday Qualcomm abused its dominant market position and forced handset makers to pay royalties for an unnecessarily broad set of patents as part of sales of its modem chip