Hanjin E&I fines 150 million won for public bidding collusion for scientific equipment

The Fair Trade Commission imposed a fine of 152 million won on Hanjin E&I, which colluded in a bid for scientific materials ordered by public institutions, along with a correction order.

Hanjin ENI has fixed bid prices with two companies in 89 bids for scientific experiment-related equipment, including electronic scales, ordered by public institutions such as the Korea Nuclear Safety and Technology Institute for seven years since May 2015, the FTC said.

Hanjin E&I colluded with its representative's spouse company or employee company, and Hanjin E&I decided to deliver the goods regardless of who won the bid among the three companies, the FTC explained.