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South Korea subcontract violations round-up for October 2016

( November 1, 2016, 09:12 GMT | Official Statement) -- Each month, MLex tracks cases of subcontract violations over which the Korea Fair Trade Commission has taken action. Cases in October 2016 are as follows: Company Violation KFTC action GumMoon Industry Unilaterally reducing subcontract payments, non-payment of promissory note interest Fines of 99 million won ($87,603), corrective order Gwanglim Construction Delinquent payments, non-payment of delayed-payment interest Corrective order...

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