Prosecutors raid 8 construction material firms over price-rigging
Social affairsMay 24, 2016
Korean prosecutors on Tuesday raided the offices of eight local firms that manufacture construction materials to determine if they rigged prices of their products.The move aims to determine if companies deliberately fixed prices that distorted the free market and hurt other firms and consumers that used their products.Investigators raided offices of the firms and homes of senior executives, and confiscated documents and other materials, which they think will help determine the validity of the pr