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  • Hyundai Rotem suspended from bidding for government contracts
    Hyundai Rotem suspended from bidding for government contracts
    Hyundai Rotem (064350) has been suspended from participating in bids of public institutions in Korea for 10 months, it announced on June 23. It was deemed as an improper contractor for breach of contract. Its sales revenue loss is estimated to be 1.1 trillion won (US$935.6 million) and the railway systems company will file for suspension of execution for administrative disposition.
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Hyundai Rotem suspended from bidding for government contracts

June 24, 2016 - 09:15 By 황유미
[DISCLOSURE] Hyundai Rotem (064350) has been suspended from participating in bids of public institutions in Korea for 10 months, it announced on June 23. It was deemed as an improper contractor for breach of contract. Its sales revenue loss is estimated to be 1.1 trillion won (US$935.6 million) and the railway systems company will file for suspension of execution for administrative disposition.
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