South Korea regulators fine Intel $25 million

South Korea's antitrust regulators announced Wednesday that they would fine Intel 26 billion won ($25.4 million) for allegedly abusing its dominant position in the local chip market.
The Korea Fair Trade Commission said in a statement that the chip giant had offered rebates to two PC makers in South Korea in return for not buying processors from rival Advanced Micro Devices. Regulators also ordered Intel to stop offering the rebates.
Bruce Sewell, general counsel for Santa Clara, Calif.-based Intel, criticized the ruling, and told the Well Street Journal that the company is likely to appeal the KFTC's decision. "The conduct they're seeking to attack is the conduct at the heart of competition. It is offering lower prices in order to sell your products," he said.