Lee says firms should not even dream of bid-rigging after record bond-auction fines
Briefing by News4U · First published
Today South Korean President Lee Jae Myung said on X that, from now on, firms should not even dream of bid-rigging, and that the Fair Trade Commission is building a Republic of Korea where no one can profit by breaking the rules. In the same post, he shared a news report stating that 15 financial firms had been fined 1.6조 won for colluding in treasury bond auctions, described as a record that surpassed a previous Qualcomm case. Lee wrote: "From now on, do not even dream of bid-rigging. The Fair Trade Commission of the Republic of Korea is building a country where you cannot profit by breaking the rules." [1]
Sources
- @jaemyung_lee (X): 앞으로 입찰 담합 꿈도 꾸지 마십시오.
@jaemyung_lee (X) · · Excerpt