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Samsung exits as third-party intervenor in Broadcom's South Korea antitrust appeal

By Wooyoung Lee ( January 15, 2025, 09:29 GMT | Insight) -- Samsung Electronics has withdrawn its participation as a third-party intervenor in Broadcom’s appeal challenging the South Korean antitrust fine imposed by the country’s competition regulator. Samsung’s decision to withdraw was disclosed during today’s hearing at the Seoul High Court, where Broadcom is appealing the 18.6 billion won (about $12 million) fine by the Korea Fair Trade Commission and corrective orders for alleged anticompetitive conduct.Samsung Electronics has withdrawn its participation as a third-party intervenor in Broadcom’s appeal challenging the South Korean antitrust fine imposed by the country’s competition regulator....

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