The Korea Fair Trade Commission (KFTC) has announced that Broadcom has proposed a settlement for allegations of monopolizing the market for set-top box (STB) system-on-chip (SoC) products in South Korea. As part of the settlement, Broadcom has agreed to cease compelling manufacturers to exclusively use its SoC products and will pay a sum of 13 billion Korean won (approximately $10.6 million) in settlement fees. Furthermore, Broadcom has pledged not to enforce exclusive adoption of its SoCs by downstream enterprises, not to alter contracts in ways that undermine manufacturers' interests, and to refrain from using threats or inducements to secure additional SoC orders.

In an effort to bolster the Korean chip design and system semiconductor industry, Broadcom intends to establish a semiconductor talent education center and offer consulting support, funded by a 13 billion Korean won win-win fund. The KFTC has commenced the licensing process for Broadcom's settlement application and will proceed with opinion gathering, deliberations, and confirmation of the ruling.