Korean companies hit hard in Vietnam

(1)elegy
(2)Money Today
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(5)[Exclusive] Betnim highway cost 20 billion won
(6)Rode POSCO will pay 10 billion won in compensation
(7)board . 2nd depth loss
(8)Entered 2024.09.29. 5.04 am
(9)Modified 2024.09.29. 5.04 am
(10)Original text of article
(11)Reporter Kim Pyeong-hwa
(12)Reporter Kim In-han
(13)90
(14)202
(15)gaga
(16)[3
(17)Bet’s ‘Danyang~Gwangungai’
(18)Motde-POSCO related to highway construction receivables
(19)Major events
(20)note
(21)Motde Construction $62 million
(22)2013
(23)Byeododibet wins construction contract from public enterprise
(24)POSCO E&C $49.69 million
(25)9th entry, 2018
(26)After the completion of the highway
(27)2021
(28)Apply for national arbitration at 0-
(29)10 won in 2023
(30)Burt’s court orders compensation for ‘responsibility for poor construction’
(31)0~; Rice. (Ruled to pay 800 million won to Motdae Construction)
(32)2 won in 2024
(33)10~; Ruling: ‘Rdighi Moscoyan Cye pays 999 won’
(34)6th entry, 2024
(35)Byrd’s court rules in the second trial that Tal Construction Company is ‘responsible for poor construction’
(36)9 entrance exam in 2024
(37)Construction company Byeokko
(38)’]Arbitration case-Vietnim court decision’ offset processing business
(39)’Joryo: Gigi
(40)hey
(41)Rohde Engineering & Construction and POSCO E&C establish highway construction in Bethnal
(42)Although the construction was completed, no payment has been received for 6 years since completion.
(43)Rather, the current state is demanding compensation for responsibility for poor construction.
(44)The company received successive rulings of defeat in dispute trials with the local ordering company.
(45)confirmed to be
(46)According to the construction industry and the Ministry of Foreign Affairs on the 27th, Vietnam Hanoi
(47)The People’s Court held the ‘Da Nang-Quang Ngai Expressway’ at the end of June.
(48)Betnim, the ordering company, was the plaintiff in the second trial of the defective construction trial.
(49)Byeoteo_(Byeo~+73 Kim To*myeong*Seokjedam3out_gi, Myeong-ah, 3+;Hyung 7)’s hand
(50)hear and experience The result is the same as the 7th trial held in October last year.
(51)The won is 7 billion won from Rohde Construction and 3.9 billion won from POSCO E&C.
(52)It was ruled that a total of approximately 70.9 billion won should be compensated. courthouse
(53)This amount of damages is based on each construction company’s bidding package.
(54)This amount is commensurate with the size of this highway immediately after its opening.
(55)Cracks or potholes occur in various places.
(56)The problem of poor construction is rare.
(57)Five construction companies, including Rutde and POSCO, do not have testing standards or methods.
(58)I refuted it by explaining the site conditions, etc., but the Betnim court
(59)Rice.~ I do not accept the claim as is. Five construction companies appealed
(60)However, the same result was obtained in the second trial.

(1)Rode and POSCO launched Betnim ‘Danyang~’, which opened in September 2018.
(2)Participating in the construction of the ‘Kwang Ngai Expressway’. high speed
(3)It’s been 6 years since the furnace opened, but we haven’t received all the construction payments yet.
(4)As of 6 months ago, Hatda’s receivables were KRW 8.6 billion for Rode and POSCO.
(5)If interest is added to 9.9 billion won, it will reach 20 billion won.
(6)Estimated as:
(7)I didn’t even receive the full construction fee, so I asked for compensation instead.
(8)Previously, Rohde Engineering & Construction was given a contract in March 2021.
(9)Singapore-based international dispute arbitration organization
(10)[(((((International Chamber of Commerce)) for arbitration records: [((
(11)De Construction’s hand in hand. Rice in October last year._Ga Rode
(12)An arbitration ruling was made to pay 8.6 billion won to the construction company.
(13)In August 2027, POSCO Eon also said, ‘It is Vietnam.
(14)‘Claim for uncollected amounts, including reserve funds for Nang-Kwangai Expressway construction’
(15)The frame is raised. This is POSCO E&C’s request form last month.
(16)An arbitration decision acknowledging the content will be presented.
(17)1_(‘s arbitration ruling is out of date, but Rutde and POSCO are still
(18)No payment for construction: Rode and POSCO are the main suppliers
(19)Consular certification of the arbitration award at the Port Bennims embassy
(20)I applied this year, but the Vietnamese embassy refused to accept it in two days for the first time in history.
(21)This is because of wealth: If you do not receive consular certification, |((‘s arbitration
(22)The judgment has no effect in the bet. Korean Ambassador to Vietnam
(23)The government also requested cooperation from the Viet Nam government, but the Viet Nam government
(24)There is no visible reaction. The interests of domestic public enterprises
(25)It is interpreted as something to protect
(26)POSCO E&C has established a working-level consultation framework for the offset processing framework.
(27)In Progress: POSCO’s International Arbitration Win Division Rice._2
(28)A plan to mutually recognize and offset the winning share of the trial decision
(29)It will be reviewed. A POSCO E&C official said, “Our company
(30)Part of the winning portion in international arbitration is the amount that can be enforced domestically.
(31)“Enforcement is currently underway through domestic law procedures.”
(32)reveal.
(33)An official from the Ministry of Foreign Affairs said, “We will try to resolve the issue well.”
(34)“I’m in the middle of it,” he said.
(35)Meanwhile, at the time of receiving the contract for the project in July 2013, the order amount was
(36)De Construction received $62 million (approximately KRW 82.9 billion) from POSCO E&C.
(37)The amount was $48.69 million (approximately 64.5 billion won):
(38)Reporter Kim Pyeong-hwa ([.3-. ga+.().*da),
(39)Reporter Kim In-han (ha(;~,-~ Kyo7`ha, +.()**)

(1)>
(2)After receiving the order in 2013, the construction fee was completed in 2018. Part of the construction fee is not paid until 21.
(3)>
(4)The International Chamber of Commerce filed a complaint, Mr. Bet, you are using Korean money. The ruling is nonsense.
(5)->
(6)Meanwhile, the Vietnamese court ruled that Korea should pay for poor construction.
(7)The phenomenon of offsetting the remaining construction cost and fines is in progress.