( July 11, 2023, 01:55 GMT | Official Statement) -- MLex Summary: Hyundai Rotem, a South Korean company that specializes in manufacturing rolling stock, and its smaller rival Woojin Industrial Systems are facing legal action from the Korea National Railway, linked to an earlier bid-rigging finding. In a public notice, Hyundai Rotem said the 44.4 billion won (about $34.3 million) damage suit filed by the government-owned company stems from alleged bid-rigging related to railway vehicles that led to a 56.5 billion won fine and corrective orders by the Korea Fair Trade Commission last year. The lawsuit was filed on June 14 with the Seoul Central District Court.The public notice, in Korean, follows:...
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