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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] KEPCO KDN, a state-run power ICT company, has been sanctioned by the government for colluding with a partner company in a procurement bid issued by its parent company, Korea Electric Power Corporation (KEPCO).
On Tuesday, the Korea Fair Trade Commission (KFTC) announced, "We have uncovered collusion between KEPCO KDN and Exem Co., Ltd. in the 'procurement bid for unstructured data storage' issued by KEPCO in October 2022. The two companies predetermined the winning bidder and shared bid prices. As a result, we have issued a corrective order and imposed a total fine of 39 million KRW."
KEPCO KDN is a quasi-market public enterprise wholly owned by KEPCO. Exem is a partner company of KEPCO KDN.
According to the KFTC's investigation, KEPCO KDN colluded in the bidding process by having Exem participate as a proxy to ensure its own successful bid.
Exem reportedly submitted a bid slightly higher than the prearranged winning price to maintain its business relationship with KEPCO KDN. Taking this into account, the KFTC issued only a corrective order to Exem without additional fines.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
