LIG D&A hit with 2-year bidding ban over bribery case

LIG D&A faces a major setback to its domestic defense business after South Korea's arms procurement agency imposed a two-year bidding ban over alleged bribery, prompting the company to prepare a legal challenge. The Defense Acquisition Program Administration said Tuesday that its contract review committee had approved the maximum two-year suspension from government defense procurement bids under the State Contracts Act. The agency cited what it described as its largest bribery case on record, re

Source: The Korea Herald