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Korean FTC raided Intel office


Friday, February 10, 2006 The Korean Fair Trade Commission has apparently raided Intel Corp.’s office in South Korea as part of the agency’s probe of alleged anticompetitive business practices by Intel.

The commission also apparently raided the offices of PC manufacturers in South Korea. Neither the Korean agency nor Intel issued a statement about the raid.

A statement was released by Advanced Micro Devices Inc. (Sunnyvale, Calif.). AMD said it continues to believe—as specified in its U.S. antitrust complaint filed in June 2005 in U.S. federal court in Delaware— that PC manufacturers worldwide are victims of Intel's monopoly power.

The commission's raids are part of an investigation into Intel's business dealings with four South Korean PC makers. That investigation began last summer.

"The dawn raids in Korea make it abundantly clear that competition authorities worldwide are intensifying their investigative efforts into Intel's anticompetitive business practices because they have good reason to believe evidence of illegal monopoly abuse is there to be found," Thomas McCoy, AMD’s executive vice president for legal affairs and chief administrative officer, said in a statement.

"Similar dawn raids conducted by competition authorities in Japan revealed evidence of illegal business practices that violated that country's Antimonopoly Act,” he said.

Japan's Fair Trade Commission "ruled that Intel conditioned deals with Japanese PC OEMs based on excluding competition. Last year, the European Commission also conducted dawn raids across Europe to gather evidence of Intel monopoly abuse within the European Union. How many raids in how many countries need to happen before Intel accepts responsibility for its anticompetitive actions and ceases its unlawful business practices?"

By: DocMemory
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