Korea’s antitrust regulator has ordered Sunwoo Co., a construction and maintenance affiliate of industrial conglomerate LS Group, to correct its subcontracting practices following a probe into deficient contract documentation. The Fair Trade Commission (FTC) said Thursday that Sunwoo violated the Subcontracting Act by failing to issue proper written contracts to partners between February 2021 and June 2022. The lapses occurred during the outsourcing of electrical and instrumentation work for smelting and petrochemical plants. According to the regulator, Sunwoo failed to specify critical project details — including the scope of work and project locations — in 48 separate instances, including one primary contract and 47 additional work orders across eight project sites. The documents also lacked the required signatures or legal seals from both parties. Under Korean law, primary contractors must provide finalized, signed documentation before work begins. The regulation is designed to prevent “top-down” contract notifications, in which a dominant firm unilaterally dictates terms,
FTC penalizes LS Group affiliate over subcontracting violations
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