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Water-tank suppliers fined in South Korea for coordinated bidding

By Jenny Lee ( June 17, 2025, 03:00 GMT | Insight) -- Thirty-eight South Korean water tank manufacturers have been slapped with a tentative fine of 2.1 billion won (about $1.5 million) for systematically colluding to fix bids in hundreds of construction tenders over a six-year period, the country’s competition regulator announced today.Thirty-eight South Korean water-tank manufacturers have been slapped with a tentative fine of 2.1 billion won (about $1.5 million) for systematically colluding to fix bids in hundreds of construction tenders over a six-year period, the country’s competition regulator announced today (see here)....

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