In a move not taken by a sitting U.S. president in decades, over the weekend the Obama Administration vetoed a partial ban on the import and sale of some Apple products, which was granted back in June in a response to a ruling made by the ITC (to read MMi's coverage, click here).
Amidst the fallout from the controversial decision, the South Korean government is said to be thoroughly displeased by the Obama Administration's action. Officials in Seoul fear the move may negatively impact Samsung Electronics Co.'s patent rights.
The Wall Street Journal reported Monday that more than $1 billion was "wiped off Samsung's market value on Monday after the surprise veto." South Korea-based Samsung did not comment today on expectations from the International Trade Commission later this week.
The South Korean government's statement suggests that the legal dispute between the two technology giants could escalate into a political issue depending on the outcome of the ITC's decision.