South Korea fines 15 banks and brokerages record 1.62 trillion won for bond bid-rigging
Briefing by News4U · First published
Pulse by Maeil Business reported that the Korea Fair Trade Commission imposed a record 1.62 trillion won ($1.22 billion) in fines on 15 banks and securities firms for coordinating bids in government bond auctions between January 2020 and June 2023, and referred seven institutions for criminal investigation. [1]
Sources
- Govt imposes record fines on banks, brokerages for bond bid-rigging
Pulse by Maeil Business · · Full text