8 Hrs
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الاقتصادية
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Source: الاقتصادية
8 Hrsالاقتصادية
Source: الاقتصادية
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South Korea’s antitrust regulator imposed a record fine of 1.63 trillion won ($1.2 billion) on more than a dozen banks and brokerage firms for colluding in government bond auctions between January 2020 and June 2023. The regulator said the firms exchanged information or agreed on yields and quantities in 150 auctions, with collusion confirmed in 145 of them. It filed criminal complaints against seven firms. The largest fine, 332.2 billion won, was imposed on KB Securities. The regulator said the measures would boost competition and improve the efficiency of public finance management.
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