WORLDWIDE‑CORRUPTION

South Korea · Findings · Bid rotation ring

루멘네이처 · 영남전기주식회사 [3130703538,5118113509]

Why it is here

Indicator “Bid rotation ring”: the same circle of 2 firms at 경상북도 상주시 in 4 tenders, winners 2 (rotation); won 199,960,547 KRW.

A group of firms takes turns to win the tenders of a buyer (bid rotation). Indicators computed from public data sets: contracts, payments, registers, trade and sanctions lists. An indicator is a reason to check, not a decision of a public authority.

Details

Company / subject
루멘네이처 · 영남전기주식회사 [3130703538,5118113509]
Buyer
경상북도 상주시
Indicator
Bid rotation ring
Amount
KRW 199,960,547
Found
5 October 2026
Code
KR-17599

Findings · Bid rotation ring