Ilgwang Corp Taking Unjust Enrichment of 18 Billion KRW in ROKAF EWTS Program

BAI found that DAPA deliberately exempted Turkish Defense Contractor, Havelsan, from paying USD 7.67 million of Liquidated Damages for Delay, even after knowing the contractual party’s violation of the ROKAF EWTS Contract. Although the agreement was for domestic development, the Korean contractor SK C&S subcontracted the development project to Ilgwang Corp, which either purchased the support equipment from a different foreign supplier or acquired free of charge from Havelsan instead of developing the equipment. With this scheme, Ilgwang Corp took unjust enrichment of KRW 18 billion from DAPA without achieving the program objective to domestically develop the support equipment.

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