Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Ulsan council members criticize Macquarie’s Koentec sale
Public backlash
Several members of the Ulsan Metropolitan Council criticized Macquarie over its attempt to sell its stake in Koentec and moved to prevent Koentec from enlarging its landfill sites. The council members alleged that Macquarie would make unfair profits from preferential treatment by the local government. Koentec denied receiving preferential treatment.
Company response
Denial — Koentec
The company has denied receiving any preferential treatment
Source excerpt
The council members allege Macquarie will make unfair profits from the preferential treatment given by the local government.
The company has denied receiving any preferential treatment
Macquarie Korea Opportunities Management is suffering a backlash from several members of the Ulsan Metropolitan Council over its recent attempt to sell its stake in Koentec.