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The Fair Trade Commission said Friday that it issued a warning against SK E&C for unfair deals with eight subcontractors.
The conglomerate-based builder was found to have paid the small and mid-sized enterprises parts-supply costs far later than the legal due dates, according to the antitrust regulator.
An FTC official said some of the eight suppliers were paid 437 days past the deadline.
“As a government agency ― for its construction order ― raised its total payment to SK E&C in reflection of the nation’s producer price inflation, the company should have revised the prices calculation immediately in its deals with the suppliers,” he said.
The FTC said in a statement that it would take stern disciplinary measures against such irregular deals with subcontractors by more closely supervising market activities.
(kys@heraldcorp.com)
The conglomerate-based builder was found to have paid the small and mid-sized enterprises parts-supply costs far later than the legal due dates, according to the antitrust regulator.
An FTC official said some of the eight suppliers were paid 437 days past the deadline.
“As a government agency ― for its construction order ― raised its total payment to SK E&C in reflection of the nation’s producer price inflation, the company should have revised the prices calculation immediately in its deals with the suppliers,” he said.
The FTC said in a statement that it would take stern disciplinary measures against such irregular deals with subcontractors by more closely supervising market activities.
(kys@heraldcorp.com)
