A fine of 10 billion won was imposed on 23 businesses who colluded while participating in the bidding for fire-fighting electrical works, which is mandatory for apartment construction.
The Fair Trade Commission announced on the 4th that it imposed a total of 10.38 billion won in correction orders and fines on 23 firefighting electrical construction companies that had colluded with prospective bidders and bridesmaids while participating in the bidding for firefighting electrical works.
23 companies, including Johnson Controls International Korea, agreed with the prospective bidders and executed the bids while 13 construction companies, including GS E&C, participated in the 304 firefighting and electrical construction contractor selection bids from 2011 to November 2017. The contractors were awarded the bid for 301 out of 304 construction projects as agreed upon.
It turned out that these rigging companies decided the successful bidders and bridesmaid operators for each bid by drawing lots and climbing ladders in the order of successful bidders for 304 bids.
The Fair Trade Commission imposed correction orders on 23 companies and imposed fines on 22 businesses, except for Woochang Hitech, which is in the process of rehabilitation. By company, Johnson Controls International Korea was charged 1.91 billion won and GS was 1.91 billion won.
An official from the Fair Trade Commission said, “This measure is to detect and sanction collusion in a number of bids made in secret over a long period of about 7 years between companies in a bid ordered by a private construction company.” “We plan to strengthen surveillance on bid rigging and take strict measures,” he said.
Reporter Dahyun Choi [email protected]