FTC investigates Hyundai Heavy Industries on suspicion of violating subcontracting law
FTC investigates Hyundai Heavy Industries on suspicion of violating subcontracting law
  • Lee Jun-sung
  • 승인 2018.10.02 12:26
  • 댓글 0
이 기사를 공유합니다


The Fair Trade Commission (FTC) has launched an investigation into Hyundai Heavy Industries Co., which is suspected of paying only 60 to 70 percent of its subcontracted payments to a number of subcontractors, or illegally reducing subcontracted payments.

According to shipbuilding industry sources on Oct. 1, about 10 employees of the FTC's Corporate Transaction Policy Bureau started an investigation at Hyundai Heavy Industries headquarters in Ulsan.

The FTC is said to have launched the investigation following its plan to deal with a number of repeated cases at the FTC headquarters in the Government Complex Sejong.

The FTC reportedly have detected the Hyundai Heavy Industries' violation of the subcontracting law on suspicion of making unfair subcontracted payment for a number of its primary and secondary subcontractors and misusing their technologies.

Earlier, there were suspicions that Hyundai Heavy Industries did not pay subcontractors properly since 2015 when the shipbuilding business was stagnant.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: www.koreaittimes.com / m.koreaittimes.com. Editorial Div. 02-578-0434 / 010-2442-9446. Email: info@koreaittimes.com.
  • Publisher: Monica Younsoo Chung. CEO: Lee Kap-soo. Editor: Jung Yeon-jin. Juvenile Protection Manager: Yeon Choul-woong.
  • IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.