FTC, POSCO, Lotte, Doosan, Kumho, Ssangyong five builders warn disposal

Gotta have caught [Korea gimdohyeon financial newspaper reporter] large domestic construction companies did not give a price for construction is tens of ten thousand won less on contractors, the top rating status of construction capacity was overshadowed.

The Fair Trade Commission 27 days and payment delays to subcontractors, issued a warning to the disposal of five companies, including alternative bill payment fees, etc. that are not POSCO, Lotte Engineering & Construction, Doosan Construction and Kumho Industrial and Ssangyong.

POSCO E & C is paid later than planned, while the construction proceeds reasons of such a design change in the six subcontractors, did not delay interest paid 510,000 won was caught in the FTC.

This status as Korea's representative builders construction capacity of up to 10 trillion won this valuation was no longer makes sense. Construction capacity assessments of POSCO E & C is followed by Samsung C & T and Hyundai Construction to 9.9732 trillion won last year, many in the country's third.

Sipyeong has caught the fluid rank eighth (5.3105 trillion won) in Lotte did not delay the payment of the interest paid 5,370,000 won also two design changes in demand providers.

Doosan Construction climbed up to 2011 construction capabilities valuation is ranked 10th survey to 12 businesses that supply and demand do not 7.17 million won and 5.35 million won, including payment delays payments. Mid-sized Businesses Kumho Industrial was not 256 payment delays payments for a total of 22.27 million won and 21.13 million won, including alternative bill payment fees to supply operators, operators also supply to 22 Ssangyong.

According to FTC officials this jochida subsequent disposal of the first half of last year conducted a written survey unfair subcontracting.

These five companies are the unpaid payments confirmed by a written survey was paid for all supply business started before the FTC investigation.

He received only a warning voluntary corrective action based on the immunity system which Refreshing the FTC investigation before the start of the problem, such as exemption from fines FTC said.

FTC official explained that "did not receive a separate voluntarily after corrective sanctions because the unpaid amount not exceeding 300 million won a small majority," said "at this point does not payable repeated deliberate it seems not."



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