Arab Today, arab today south korean builders hit with bid rigging probe
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

South Korean builders hit with bid rigging probe

Arab Today, arab today

Arab Today, arab today South Korean builders hit with bid rigging probe

Seoul - Yonhap

South Korean builders are coming under increasing pressure as they undergo investigation for suspected bid rigging amid difficult market conditions, industry sources said Wednesday. Insiders said the Fair Trade Commission (FTC) is examining all large-scale public construction projects undertaken during the previous Lee Myung-bak administration. If builders are found to have rigged bidding prices, they could be fined and barred from participating in future projects.

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