Cargo carriers Dongbang and Sebang were caught in collusion in bidding for the lease of special equipment ordered by Daewoo Shipbuilding & Marine Engineering and will face sanctions again.
The Fair Trade Commission said on the 25th that it will impose a fine of 340 million won on Dongbang and Sebang, which colluded in "bidding for the lease, etc. of special equipment for the transportation of ship blocks" conducted by Daewoo Shipbuilding, along with a correction order for violating the Fair Trade Act.
The bereavement fine is 113 million won for Dongbang and 227 million won for Sebang.
According to the Korea Fair Trade Commission, the companies jointly decided on the price of the bid after selecting prospective bidders and bridesmaids in advance while participating in three bids conducted by Daewoo Shipbuilding on Dec. 23, 2014, Jan. 26, 2016 and Dec. 19, 2017.
The two companies have been sanctioned several times in the past, including paying 2 billion won in fines for engaging in dozens of collusion, including matching prices and setting winning bidders in bidding for transportation services ordered by shipbuilders such as Hyundai Heavy Industries.
Reporter Lee Ji-sun email@example.com