Goyang City Cracks Down on 'Paper Companies' Targeting Public Construction Contracts

Including Priority 1 Specialized Construction Companies Winning Public Construction Contracts Exceeding 60 Million Won and Up to 100 Million Won

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[Asia Economy Reporter Ra Young-cheol] Goyang City in Gyeonggi Province is cracking down on so-called 'paper companies' that exist only on paper aiming solely to win public construction contracts, as well as on substandard companies that fail to meet the registration criteria for specialized construction businesses.

According to Goyang City on the 6th, the crackdown targets the top-ranked specialized construction companies that have won bids for specialized construction projects with estimated public contract prices between 60 million and 100 million KRW in Goyang City.

The city plans to receive documents from participating companies verifying the status of technical personnel and compliance with construction business registration standards, and will conduct on-site inspections to confirm whether the submitted documents match the actual situation.

Earlier, in February this year, the city imposed business suspension orders on three 'unqualified construction operators' who were either below registration standards or falsely registered during on-site inspections.

A city official said, "Through preemptive crackdowns, we will prevent unfair 'paper companies' from participating in bids and protect the opportunities for sound construction businesses to secure contracts."

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