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Prosecutor's Office to issue an arrest warrant for Park Sam-gu, suspected of 'unfair support for affiliates'


Former President of Kumho Asiana, Park Sam-gu,
Prosecutor s Office to issue an arrest warrant for Park Sam-gu, suspected of unfair support for affiliates
ANI |
Updated: May 11, 2021 12:07 IST
Seoul [South Korea], May 11 (ANI/Global Economic): The prosecution has filed an arrest warrant against former chairman of Kumho Asiana GroupPark Sam-gu, who is accused of unfair support for affiliates.
According to the prosecution on Monday, the Seoul Central District Prosecutor s Office Fair Trade Investigation Department (Chief Prosecutor Kim Min-hyung) requested a preliminary arrest warrant against former Chairman Park on charges of violating the Monopoly Regulation and Fair Trade Act.
Former Chairman Park is under suspicion of mobilizing affiliates to support Kumho Express, which has a high share of in-family ownership. ....

Soult Ukpyolsi , South Korea , Kumho Asiana Grouppark Sam Gu , Fair Trade Commission , Global Economic , Seoul Central District Prosecutor , Office Fair Trade Investigation Department , Chief Prosecutor Kim Min Hyung , Chairman Park , Monopoly Regulation , Fair Trade , Kumho Express , Kumho Asiana Group , தெற்கு கொரியா , நியாயமான வர்த்தகம் தரகு , உலகளாவிய பொருளாதார , சியோல் மைய மாவட்டம் ப்ராஸெக்யூடர் , தலைவர் பூங்கா , ஏகபோகம் ஒழுங்குமுறை , நியாயமான வர்த்தகம் , கும்ஹோ ஆசியானா குழு ,

POSCO E&C abuse subcontractors, Fair Trade Commission imposes penalty


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Participants hold hand signs at a press conference at the People s Solidarity for Participatory Democracy office in Jongno-gu, Seoul on May 4.
POSCO E&C abuse subcontractors, Fair Trade Commission imposes penalty
ANI |
Updated: May 06, 2021 10:58 IST
Seoul [South Korea], May 6 (ANI/Global Economic): As POSCO E&C entrusted its work to a subcontractor >subcontractor, it made unfair special contracts and did not pay interest on the subcontract.
The FTC announced on Wednesday that it has decided to impose a correction order (prohibition of recurrence in the future) and a penalty of 14 million won for violations of POSCO E&C s Subcontract Act (Act on Fair Subcontract Transactions). Regarding the reason for not making the complaint, the Fair Trade Commission explained that the standards of the Fair Trade Act (Monopoly Regulation and Fair Trade Act) prosecution guidelines have not been exceeded . ....

Soult Ukpyolsi , South Korea , Fair Trade Commission , Global Economic , Subcontract Act , Fair Subcontract Transactions , Fair Trade Act , Monopoly Regulation , Nfair Special Contracts , Fair Trade Commission , தெற்கு கொரியா , நியாயமான வர்த்தகம் தரகு , உலகளாவிய பொருளாதார , நியாயமான வர்த்தகம் நாடகம் , ஏகபோகம் ஒழுங்குமுறை ,