12 builders fined for collusion in bid for rail project
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

12 builders fined for collusion in bid for rail project

Egypt Today, egypt today

Egypt Today, egypt today 12 builders fined for collusion in bid for rail project

Seoul - Yonhap

South Korea's antitrust watchdog said Monday that it has fined 12 construction firms a combined 40.2 billion won (US$37.2 million) for collusion in the bidding process for a large-scale metropolitan railway construction project. Those subject to the fine include big name builders such as Hyundai Engineering & Construction Co., Daelim Industrial Co., Samsung C&T Corp., POSCO Engineering & Construction Co., SK Engineering & Construction Co. and GS Engineering & Construction Co., according to the Fair Trade Commission (FTC).

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12 builders fined for collusion in bid for rail project 12 builders fined for collusion in bid for rail project



 
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