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Korea: Camera makers ordered to compensate for bid rigging

By  |  March 2, 2015

A court ordered six traffic enforcement or “speed” camera manufacturers, Monday, to pay the government some $6.7 million in compensation for bid rigging.

The Seoul Central District Court said the government bought the speed cameras at inflated prices between 2005 and 2008 due to price fixing.

The anti-trust agency said that representatives of the six met in secret to fix the bidding price and avoid competition. The six were the only qualified bidders for speed cameras until 2009.

 

Full Content: The Korea Times

 

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