January 21, 2025

[Consultation] Legal advice regarding sanctions against unfair business practices from the Korea Information and Communication Industry Development Agency

[Consultation] Legal advice regarding sanctions against unfair business practices from the Korea Information and Communication Industry Development Agency

[Consultation] Legal advice regarding sanctions against unfair business practices from the Korea Information and Communication Industry Development Agency

The law firm Cheongchul (Attorneys in charge: Bae Gi-hyung, Lee Yeong-gyeong) provided legal advice regarding sanctions against dishonest contractors to the Korea Information and Communication Industry Promotion Agency (a public institution under the Ministry of Science and ICT).

Public institutions can restrict the bidding qualifications of contract partners for dishonest acts or confiscate contract deposit money. In this case, when other public institutions restrict the bidding qualifications of contract partners under the 'Act on the Management of Public Institutions,' the restriction imposed by the state/local governments, public enterprises, and quasi-governmental agencies has different effects.

Cheongchul provided legal advice on all matters related to the limitation of bidding qualifications, including (i) whether the actions of the contract partner correspond to the reasons for restricting bidding qualifications, the duration of the restriction, the detailed procedures for the restriction measures, and the legality of sharing the restriction measures with other institutions, and (ii) regarding this matter, whether confiscation or recovery of the contract deposit is possible.

403 Teheran-ro, Gangnam-gu, Seoul, Rich Tower, 7th floor

Tel. 02-6959-9936

Fax. 02-6959-9967

cheongchul@cheongchul.com

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© 2025. Cheongchul. All rights reserved

403 Teheran-ro, Gangnam-gu, Seoul, Rich Tower, 7th floor

Tel. 02-6959-9936

Fax. 02-6959-9967

cheongchul@cheongchul.com

Privacy Policy

Disclaimer

© 2025. Cheongchul. All rights reserved

403 Teheran-ro, Gangnam-gu, Seoul, Rich Tower, 7th floor

Tel. 02-6959-9936

Fax. 02-6959-9967

cheongchul@cheongchul.com

Privacy Policy

Disclaimer

© 2025. Cheongchul. All rights reserved