Korea Fines Bond Dealers Record $1.2 Billion Over Collusion
South Korea’s antitrust regulator imposed a record 1.63 trillion won ($1.2 billion) fine on more than a dozen domestic banks and brokerages for colluding in sovereign bond auctions, exposing a yearslong practice that the watchdog said undermined competition and raised the government’s borrowing cost
<p>South Korea’s antitrust regulator imposed a record 1.63 trillion won ($1.2 billion) fine on more than a dozen domestic banks and brokerages for colluding in sovereign bond auctions, exposing a yearslong practice that the watchdog said undermined competition and raised the government’s borrowing cost</p>