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The South Korean FTC fines 2 security companies for bid rigging in 23 tenders for integrated security services at privately operated apartment complexes (S-1 / S-Tec System)

On 6 July 2026, the Korean Fair Trade Commission announced remedial orders and total fines of KRW 973 million against S-1 and S-Tec System for rigging 23 tenders for the supply of integrated security…

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