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Korea Fines Bond Dealers Record $1.2 Billion Over Collusion
Bloomberg(subscription required) ·
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 undermined competition and raised the government’s borrowing costs.
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- Bloomberg(subscription required)Korea Fines Bond Dealers Record $1.2 Billion Over CollusionSouth 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 undermined competition and raised the government’s borrowing costs.