Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
Contentious grain bill put directly to plenary meeting for vote
-
6
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
7
Why is Apple Pay struggling to get purchase in Korea?
-
8
Yoon's office denies considering liberal figures for key posts
-
9
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
10
[Today’s K-pop] BTS pop-up event to come to Seoul
![[Today’s K-pop] BTS pop-up event to come to Seoul](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/17/20240417050734_0.jpg&u=)
![[Today’s K-pop] BTS pop-up event to come to Seoul](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/17/20240417050734_0.jpg&u=)
Daewoo Shipbuilding fined $9.6 m for violating subcontract law
By YonhapPublished : Dec. 26, 2018 - 15:23
South Korea's antitrust watchdog said Wednesday that it has fined Daewoo Shipbuilding & Marine Engineering Co. 10.8 billion won ($9.6 million) for violating laws on subcontracting as it referred the company to prosecutors for further investigation.
The world's second-biggest shipbuilder by sales is accused of not having delivered contract documents to 27 subcontractors before they began their work, the Fair Trade Commission said.
The FTC also said Daewoo Shipbuilding unilaterally lowered preset contract prices to the subcontractors between 2013 and 2016.
The watchdog has launched similar probes into Hyundai Heavy Industries Co., the world's largest shipbuilder by sales, and Samsung Heavy Industries Co., the world's third-biggest shipbuilder by sales.
"We will sternly deal with any acts that violate the law," Kim Sang-jo, chairman of the Fair Trade Commission, said in a meeting on the issue of subcontracting at the National Assembly in western Seoul. He also promised to quickly end probes into the shipbuilders and take follow-up measures. (Yonhap)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Zico drops snippet of collaboration with Jennie](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/18/20240418050702_0.jpg&u=)