The Korea Fair Trade Commission fined Hanil Cement, Simmons, and Sidiz 5 million won each for failing to provide written subcontract payment adjustment clauses, citing violations of the Subcontracting Act.
#YonhapInfomax #KoreaFairTradeCommission #HanilCement #SubcontractPayment #AdministrativeFine #SubcontractingAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82805
#YonhapInfomax #KoreaFairTradeCommission #HanilCement #SubcontractPayment #AdministrativeFine #SubcontractingAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82805
'Failure to Issue Written Subcontract Payment Adjustment Documents'—KFTC Fines Hanil Cement and Others
The Korea Fair Trade Commission fined Hanil Cement, Simmons, and Sidiz 5 million won each for failing to provide written subcontract payment adjustment clauses, citing violations of the Subcontracting Act.