Antitrust Antitrust

DSME sanctioned by South Korea's competition regulator for technology misappropriation

By Jenny Lee
  • 14 Dec 2021 22:23
  • 14 Dec 2021 22:23
Daewoo Shipbuilding & Marine Engineering, one of the major shipbuilders in South Korea, is facing corrective orders and a 652 million won (about $550,000) fine from the country’s competition regulator for violating subcontracting rules and misappropriating suppliers’ technical data.
 
In a statement issued today (see here), the Korea Fair Trade Commission, or

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