Arab Today, arab today 11 builders fined for collusion in bid for waterway
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

11 builders fined for collusion in bid for waterway

Arab Today, arab today

Arab Today, arab today 11 builders fined for collusion in bid for waterway

Seoul - Yonhap

South Korea's antitrust watchdog said Thursday that it has fined 11 builders a combined 99.1 billion won (US$93.6 million) for collusion in the bidding process for a state-run large-scale waterway construction project from 2009-2011. Those subject to the fine include major builders such as Daewoo Engineering & Construction Co., SK Engineering & Construction Co., Daelim Industrial Co., Hyundai Engineering & Construction Co., Samsung C&T Corp. and GS Engineering & Construction Co., according to the Fair Trade Commission (FTC).

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