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General

KT, LG U+ fined for manipulating state bids

Tuesday 30 April 2019 | 10:12 CET | News
South Korea's local antitrust agency Fair Trade Commission (FTC) fined KT, LG Uplus, SK Broadband and Sejong Telecom with a combined KRW 13.33 billion (USD 11.5 million) for rigging bids for state projects, according to koreatimes.co.kr citing the FTC. The companies rigged 12 biddings for government projects to set up dedicated lines between April 2015 and June 2017. The FTC will file complaints against KT with the prosecution.

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Categories: General
Companies: KT / LG / SK Broadband
Countries: Korea, Republic of
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