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South Korean furniture giants found guilty on appeal in massive bid-rigging case

By Jenny Lee ( May 16, 2025, 03:33 GMT | Insight) -- South Korea's major furniture companies have been found guilty on appeal in a sweeping bid-rigging case involving 2.3 trillion won (about $1.6 billion) worth of apartment furniture contracts. The Seoul High Court confirmed the guilty verdicts against Hanssem, Hanssem Nexus, Enex, Nexis Design Group, Wooami, Sun&L Interior and Liveus, along with 10 company executives, while maintaining the acquittal of former Hanssem Chairman Choi Yang-ha due to a lack of evidence directly linking him to the collusion.South Korea's major furniture companies have been found guilty on appeal in a sweeping bid-rigging case involving 2.3 trillion won (about $1.6 billion) worth of apartment furniture contracts....

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