Microsoft settles lawsuits for $30 million

On Friday, Microsoft Corp. made a statement that it has reached a deal with the South Korean company.
In 2001, Daum Communications Corp. made a complaint at the South Korea's Fair Trade Commission, saying that Microsoft violated trade rules. They said Microsoft has bundled its instant messenger software to Windows. In 2004, the South Korean company filed another law suit against Microsoft.

Daum Communications also confirms that a settlement has been reached, before South Korea's Fair Trade Commission announces its decision.

Microsoft will pay Daum $10 million cash, other $10 million will be in advertising commitments and another $10 million in the form of business agreements.

The two companies apparently have become friends, as Kim Hyun-Young, the Vice Chief Executive says in a statement: "it is significant that we have reached this settlement with Microsoft on terms that we believe are favorable to Daum, and to be able to work together with Microsoft to build a new business partnership".

RealNetworks has also withdrawn its complaint, sometime last month, after a deal of $761 million was offered by Microsoft.
With this, the antitrust disputes that Microsoft had all over the world ended.

But, in spite of the deal signed by the two companies, the Fair Trade Commission said they are going to continue the investigations.