NuriFlex CSO Gets Two-Year Prison Sentence for Bid Rigging

• NuriFlex CSO Cho Song-man received a two-year prison sentence for bid-rigging on October 30, 2026, without immediate detention.
• The company plans to appeal the first-instance bid-rigging ruling.
• The court acquitted the company of subsidy law violations.
• Cho and former CEO Kim Young-deok were acquitted of fraud and subsidy law violations.
• Former vice president Kim Han-soo and former NuriVista director Yoo Sang-geun each received one-year prison terms, suspended for two years, for bid-rigging.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NuriFlex Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261103900273), on November 03, 2026, and is solely responsible for the information contained therein.