Microsoft (NASDAQ: MSFT), finally seeing the writing on the wall after losing in the European courts, decided today to withdraw its appeal [subscription required] of an antitrust ruling by the South Korea Fair Trade Commission, according to a report in the Wall Street Journal today. "It is important to note that Microsoft remains committed to Korea and continues to work closely with the FTC to ensure that Korean consumers benefit from vibrant competition in the IT industry," the company said in a statement. I bet that's how they really feel. I don't think Microsoft truly wants to help the competition, but they are being forced to do so by the antitrust regulators.
In February 2006, South Korea's FTC imposed a fine of 32.5 Korean ($35.4 million) against Microsoft for abuses related to its dominance in certain software, primarily its Windows operating system. Microsoft must provide two versions of Windows in Korea, one stripped of the Windows Media Player and Windows Messenger and the other carrying links to Web pages that allow consumers to download competing versions of such software. Microsoft appealed this decision in March 2006. This appeal was turned down in May 2006 by the FTC and it asked the antitrust regulator to review the fine. Today Microsoft dropped the appeal most likely because it realized it would lose.
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