May 18, 2022
Seven companies in South Korea have agreed to a joint settlement of $3.1 million
to resolve allegations that they conspired to suppress and eliminate competition in bidding on 15 contracts for construction and engineering work on U.S. military bases in South Korea awarded by the U.S. Army Corps of Engineers between 2016 and 2019. The government alleged that as a result of the bid-rigging by the companies, Korea Engineering Consultants Corporation
, Yul Lim Construction Co. Ltd.
, Shin Woo Construction & Industrial Co. Ltd.
, Seongbo Const. Ind. Co. Ltd.
, Wooseok Construction Co. Ltd.
, Yuil Engineering and Construction Co.
, and Seokwang Development Co. Ltd.
, the government paid substantially more for services performed under the contracts than it otherwise would have. DOJ