Fair Trade Commission Files Charges Against Ire Information Technology CEO for Leading Bid Rigging

The Fair Trade Commission has reported the CEO of Ire Information Technology to the prosecution for leading bid-rigging in software (SW) tenders related to offshore plants.

On the 30th, the Fair Trade Commission announced that it decided to impose fines of 110 million KRW and corrective orders on five companies involved in the collusion, including Ire Information Technology, Yusys, DB Valley, Linux Data System, and IT Stone. The CEO of Ire Information Technology, who led the collusion, was reported to the prosecution. According to the Fair Trade Commission, from October 2016 to August 2018, these companies colluded in the procurement bidding process for offshore plant engineering application solutions ordered by the Public Procurement Service by recruiting stand-ins and sharing bid prices.

The CEO of Ire Information Technology, Mr. A, was investigated for using his connections with officials to set up stand-ins and directly win contracts or allow other companies to win in seven software (SW) procurement bids ordered by the Public Procurement Service from October 2016 to August 2018. It was also revealed that when other companies won the bids, he shared profits with them or had them purchase his products to supply to the ordering agency.

A Fair Trade Commission official stated, "This case is significant in that strict measures, including fines and prosecution reports, were taken against bid-rigging and private gain pursuit in the relatively small-scale public sector software market."

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