( August 20, 2020, 03:00 GMT | Official Statement) -- MLex Summary: Four South Korean information and technology service providers were fined a combined 467 million won ($393,571) by the Korea Fair Trade Commission for bid rigging on tenders for a local university to build an integrated network management system. The regulator found that the companies — GS Itm, an affiliate of South Korean conglomerate GS Group, Asiana Idt, an affiliate of Asiana Airlines, Dongwon CNS and Hanil Networks —colluded in the university tender worth 9 billion won in 2012. GS Itm was hit with the highest fine of 197 million won for having its rivals submit bogus bids in order to secure the successful bid. The statement, in Korean, is attached. ...
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