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Hyundai Rotem, Woojin Industrial Systems face damages lawsuit over railway bid-rigging

By Jenny Lee ( July 11, 2023, 03:29 GMT | Insight) -- Hyundai Rotem, a South Korean rolling stock manufacturer, and its smaller rival Woojin Industrial Systems are facing legal action from the country’s railway operator, a case tied to an earlier bid-rigging finding. In a recent public notice, Hyundai Rotem, which is part of the Hyundai Motor Group, acknowledged the lawsuit filed in June in the Seoul Central District Court by the Korea National Railway, or Korail, claiming damages of $34.3 million.Hyundai Rotem, a South Korean rolling-stock manufacturer, and its smaller rival Woojin Industrial Systems are facing legal action from the country’s railway operator, a case tied to an earlier bid-rigging finding....

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