South Korea

South Korea to provide $50m to Bangladesh to tackle Covid-19 fallout

A highly credible source at the Economic Relations Division (ERD) confirmed this to Dhaka Tribune South Korea will provide Bangladesh $50 million in a flexible loan as budget support to combat the economic fallout of the Covid-19 pandemic. A highly credible source at the Economic Relations Division (ERD) confirmed this to Dhaka Tribune.  The ERD has sent a letter to ...

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Whistleblower Complaint Leads to Possible $2 Million Penalty for South Korean Defense Contractor

A lawsuit filed by a whistleblower under the qui tam provisions of the False Claims Act may result in a $2 million payout to the U.S. government by a South Korean company for conspiring to rig bids for Defense Department contracts. The Department of Justice filed a complaint in civil court on April 8 laying out the charges against the Jier Shin Korea Company and its ...

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