FTC Fines Doosan 230 Million Won Over Delayed Subcontract Documents

South Korea’s Fair Trade Commission said it detected Doosan[000150] failing to issue written contract documents on time in subcontracting transactions and imposed a corrective order along with a fine of 230 million won. The case concerns the procedural duty to provide written contract terms promptly in subcontracting deals. The FTC decided on sanctions against Doosan’s delayed issuance, making the action a reference point for reviewing written-document practices in subcontracting transactions. Source: yna.co.kr