- Hyundai Heavy fined 970 mln won for unfair trade with its subcontractors, the country’s antitrust watchdog according to the antitrust watchdog of the country.
- This has been the biggest-ever fine levied for acts of misusing technologies from other companies.
- Fair Trade Commission (FTC) said that Hyundai Heavy has stolen technologies used in the production of pistons that are mounted on ship diesel engines from its subcontractor.
- It also secretly shared the technology with another subcontractor...
https://mfame.guru/worlds-largest-shipbuilding-company-fined-970m-won-for-trading-violations/