This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

South Korea's Daelim Industrial ordered to compensate Gwangju City over bid-rigging case

( September 29, 2017, 07:15 GMT | Insight) -- South Korea's Gwangju District Court has ordered Daelim Industrial to compensate Gwangju City 6.9 billion won ($6 million) for bid rigging, News 1 reports.South Korea's Gwangju District Court has ordered Daelim Industrial to compensate Gwangju City 6.9 billion won ($6 million) for bid rigging, News 1 reports. The company was accused of colluding in a bid ordered by the Public Procurement Service to construct the city's sewage treatment plant in February 2011. The firm and three other builders including Kumho E&C, Kolon Global and Namhai participated in the collusion to help Dalim win the bid. The Korea Fair Trade Commission sanctioned the firms and Daelim received fines of 3.5 billon won. Several officials from the company were also convicted earlier of accepting bribes....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections