Intel’s Korean Offices Raided
Korean authorities raided Intel’s offices earlier this week, as part of an investigation into whether the world’s largest chipmaker violated the country’s anti-monopoly rules. The raid was unsheduled, but does happen to companies as large as Intel.
Intel spokesperson Chuck Mulloy confirmed that the Korean FTC paid an unscheduled visit to Intel’s offices in Seoul on Tuesday morning during normal business hours. He said that Intel had been cooperating with the investigation and will continue to do so. “At the end of the day we expect that the Korean FTC will conclude that our business practices are both fair and lawful,” said Mulloy. He added that it’s not unusual for a company as successful and as large as Intel to come under regulatory scrutiny.
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