Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.23

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10:03 AM EST

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To: S100 who wrote (97519)	4/16/2001 3:54:03 PM
From: S100	Read Replies (1) of 152472

Dumping Law to Cover Phones April 17, 2001 The Ministry of Information and Communication said Monday that it is drawing up a measure to prosecute mobile phone operators that subsidize the purchase of handsets. "Minister Yang Seung-taik ordered recently a review of measures to define purchase discounts as a dumping practice to be subjected to legal prosecution," said a ministry official. So far, mobile service operators' subsidizing of handset purchases has been subject to contractual provisions between the operators and subscribers; thus violators have faced only fines. Once the practice is defined as dumping, fair trade laws can be applied, and the operators can be prosecuted. Five mobile operators in Korea revised contractual provisions in June last year to give up the subsidies, but they reportedly have not abided by the provisions. english.joins.com

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