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

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Jenny Lee

Correspondent


Jenny joined MLex’s Seoul bureau in 2021 as a correspondent focusing on competition law and data privacy and security. Jenny received a Master’s degree from Northwestern University’s renowned Medill School of Journalism and worked for a number of news organizations in the US, including the Associated Press Television News, McClatchy and Voice of America, where she worked for almost three years in Washington DC. She returned to her native South Korea in 2019 as a reporter for Wired Korea.

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