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08-05-2013, 12:49 PM #1
South Korean Government Not Thrilled with Obama Veto
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.
08-05-2013, 12:54 PM #2
Next the south will have a big make up with the north and both will threaten the United States as the north has done this year already!
08-05-2013, 01:47 PM #3
Hmmm... South Korea gets mad at the US. The US stops protecting South Korea. North Korea crosses the DMZ and invades South Korea. One less thing we have to worry about. *shrug*
Seriously though, if the Federal Government is going to start stepping in and protecting corporations they like (read as "who are in control") from patent infringement, that could have a seriously negative impact on small businesses here. Screw the impacts in South Korea! This seems like a REALLY bad move for OUR economic system!
But it's funny that this is a big deal over a 2 year old phone and iPad...
Note: links to WSJ.com can't be seen unless we're subscribers. Are any other sources available?
Last edited by SirZyrion; 08-05-2013 at 01:51 PM.
08-05-2013, 01:54 PM #4
08-05-2013, 02:06 PM #5
08-05-2013, 02:47 PM #6
Obama made the right decision.
08-05-2013, 02:50 PM #7
Samsung should have places a FRAND approved agreement for the patents in this case.
Apple should not have used those patents without a FRAND approved agreement in place.
Both are a fault and essentially void each other as both should have worked together and both choose not to do so. It would make more sense to outline what cost a fair FRAND Approved agreement would have cost per phone and pay that amount to Samsung. No fines. No sale restrictions. Just pay what would have been paid had Samsung made a fair deal. Samsung gets their money. Apple sells their phone. WIN = WIN vs. LOSE = LOSE.
Last edited by REMED1AL; 08-05-2013 at 02:52 PM.
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08-05-2013, 03:10 PM #8
Obama making a good decision? Was he using tele prompter?
Comment about US troops protecting Korea? Koreans pay US army to protect them...US isnt there for free...more like mercenaries.. think before open your mouth.
08-05-2013, 04:23 PM #9
Well I don't know why SK is upset. They seem to favor their own companies over US companies (which is natural but at times unfair). So it's only right that the US govt support Apple.
08-05-2013, 05:38 PM #10
The Korean War (Police Action) is still going- Congress never ratified an end to it.
I'm not sure why Obama would step in, and I'm not sure I agree (or don't) with his actions, but it doesn't seem to be that big a deal. And, yes, it relates to Apple dumping old stock, not i5s.
08-05-2013, 06:18 PM #11
Barry Obama is a fool, but it seems as though this veto was justified.
08-05-2013, 08:51 PM #12
Obama is just being RACIST!
He's backing the Americans. If it was the other way around and the Samsung devices would get banned I bet her would've let it go ahead.
08-06-2013, 02:10 AM #13
Hey, South Korea.
Deal with it.
This is America.