8 firms, 14 suspects indicted in W2.3tr home furniture bid rigging
Apr 20, 2023
South Korea's prosecution service on Thursday indicted eight home furniture manufacturing companies and 14 individuals for undermining fair competition in related bids. Such anti-competitive activities allegedly took place in some 780 apartment construction projects spanning nine years until 2022, bringing the total volume of the furniture projects to 2.3 trillion won ($1.73 billion), according to the Seoul Central District Prosecutors' Office. The eight companies, including Hanssem, H