Public Procurement Service Detects and Sanctions Unfair Procurement Companies for Submitting False Documents

The Public Procurement Service announced on the 13th that it has identified 22 companies engaging in unfair procurement practices, such as submitting falsified documents or violating direct production standards, and decided to recover unfair profits amounting to approximately 20.5 billion KRW.

Company A is suspected of submitting forged transaction statements and other false documents during the contract signing process, subsequently delivering products to the demand agency after securing the contract. The Public Procurement Service has decided to recover unfair profits of 16.2 billion KRW from Company A.

In addition, 21 other companies, including Company B, were found to have violated direct production rules, specifications, and preferential price maintenance obligations during the contract fulfillment process for items such as video surveillance devices, heating and cooling systems, and elastic packaging materials. A total of approximately 4.3 billion KRW in unfair profits will be recovered from these companies.

Lim Gi-geun, Administrator of the Public Procurement Service, stated, “We will thoroughly investigate and recover any unfairly obtained profits from unfair procurement practices to establish a fair order in the procurement market.”

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