Antitrust Antitrust

Four South Korean auto parts manufacturers fined for bid rigging in Hyundai Motor and Kia tenders

By Jenny Lee
  • 24 Mar 2021 01:22
  • 24 Mar 2021 01:22
Four South Korean auto parts manufacturers that rigged bids for tenders organized by the country’s auto giant Hyundai Motor and its affiliate Kia have been collectively fined about 82.4 billion won ($72.7 million) and were also issued with a corrective order, the country’s antitrust watchdog announced today.

The Korea Fair Trade Commission,

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