SAN JOSE, Calif. -- After a series of problems in South Korea, Qualcomm Inc. (San Diego) said that it will establish a research and development center in that nation and will invest in Seoul-based Pulsus Technologies Inc.
Qualcomm's planned R&D center will expand research collaborations with Korean organizations and focus on advances in next generation mobile communication technology.
As part of an initiative with the Korea Trade Investment Promotion Agency (KOTRA) and the Ministry of Knowledge Economy (MKE), Qualcomm has executed an investment agreement with Pulsus, a developer of digital pulse modulation amplifier (DPMA) technology.
Qualcomm appears to be kissing and making up with the Korean government. In 2006, Qualcomm originally reported that the Korean offices of Qualcomm Korea, Samsung Electronics, LG Electronics and Pantech Curitel were visited by the Korea Fair Trade Commission (KFTC), seeking information about the business dealings between Qualcomm and the three other companies.
The KFTC recently issued a so-called Case Examiner's Report. It sets forth ''allegations with respect to the lawfulness of certain business practices related to Qualcomm's integration of multimedia solutions into its chipsets, rebates and discounts provided to its chipset customers,'' according to Qualcomm.
Qualcomm said its fiscal fourth quarter results included a $230 million charge related to an estimated fine expected to be levied by the Korea Fair Trade Commission. The company's fiscal 2009 results included a $783 million related to an $891 million settlement and patent licensing agreement with Broadcom Corp., the company said.
Also in Korea, Qualcomm recently announced the extension of a license agreement with South Korea's Samsung Electronics Co. Ltd., reportedly worth more than $1.3 billion over 15 years.