40 Fraudulent Companies Including Office Address Falsification Detected in Gyeongnam Region

Intensive Crackdown on Office Fictitious Relocation and Companies with Unknown Moving Addresses

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Forty companies were caught for false address registration or failing to meet registration standards in order to win construction and service contracts issued within the Gyeongnam region.

Gyeongnam Province announced that, as a result of a special inspection conducted from February to April 9 to eliminate companies with false address registrations and those failing to meet registration standards, 12 non-compliant construction companies and 28 construction technology service companies were identified.

This inspection was carried out as a special office check targeting 91 general construction companies and 203 construction technology service companies that had moved to Gyeongnam Province within the last three years.

After a first round of document investigation, a second on-site inspection was conducted on companies suspected of illegal activity or those whose mail was returned.

The inspection focused on whether the office was located at the registered address and whether it met the office requirements necessary to perform registered duties.

For construction companies and construction technology service companies judged to be non-compliant with registration standards, administrative disposition notices and hearings will be conducted.

Among these companies, those found not to meet registration standards will face administrative actions such as business suspension.

Construction companies that fraudulently transfer registration solely for the purpose of regional restricted bidding will be included in next year’s construction industry status survey, and management of construction companies will be strengthened.

Meanwhile, in cases of 'lack of specific standards for office registration requirements' and 'supplementation within 50 days from the date of failure to meet registration standards,' a proposal for revision will be submitted to the Ministry of Land, Infrastructure and Transport.

This content was produced with the assistance of AI translation services.