South Korea’s top three shipbuilders stand accused of failing to pay their subcontractors properly.
The Fair Trade Commission in Seoul has launched probes into Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) over their alleged failures to pay subcontractors between 2016 and 2018.
A series of fines are likely to be handed out to the trio next month, local media reports.
The last time that something similar to this current investigation happened resulted in a $22.4m fine for DSME six years ago.