Watchdog to fine Celltrion 630m over unfair subcontracting practices

What happened: South Korea's Fair Trade Commission said it will fine Celltrion Inc. 630 million won for unfairly canceling orders and failing to provide a subcontractor with required documents on time, and will issue a corrective order. Key numbers: Total fine 630 Why it matters: The FTC said the Fair Transactions in Subcontracting Act requires prime contractors to provide written documents before subcontractors begin work and prohibits arbitrary cancellation of orders unless the subcontractor is at fault. The watchdog said it will continue to crack down on unfair subcontracting practices. Coverage: 3 outlets in 24h

South Korea's Fair Trade Commission said it will fine Celltrion Inc. 630 million won for unfairly canceling orders and failing to provide a subcontractor with required documents on time, and will issue a corrective order.

The FTC said the Fair Transactions in Subcontracting Act requires prime contractors to provide written documents before subcontractors begin work and prohibits arbitrary cancellation of orders unless the subcontractor is at fault. The watchdog said it will continue to crack down on unfair subcontracting practices.