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Top Korean Company Allegedly Paid $3 Million in Bribes for U.S. Army Construction Contracts

Over the past decade, the U.S. has sought to realign its forces in the Republic of Korea, moving troops out of the country’s northernmost zones and gradually drawing down its presence in Seoul.

The lynchpin of this strategy is the massive Camp Humphreys, a U.S. Army base about an hour south of Seoul that has expanded to accomodate relocated personnel.

The number and scope of the required construction projects meant that the move to Humphreys would create many business opportunities for Korean construction companies.  USA Today reports that one such company, SK Corporation, allegedly paid $3 million in bribes in a scheme involving a U.S. Army contracting officer and a Korean Ministry of Defense official.

The two may have steered $400 million worth of contracts to SK.

Read more at USA Today…

thumbnail courtesy of usatoday.com

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