South Korea Fines 15 Firms $1.2B for Bond Auction Collusion
The Korea Fair Trade Commission imposed a total fine of 1.627 trillion won on five banks and 10 brokerage firms for colluding in government bond auctions.
By Kwanwoo JunSouth Korea's antitrust regulator has fined 15 domestic financial companies approximately $1.21 billion in total for colluding in government bond auctions.The Korea Fair Trade Commission imposed a total fine of 1.627 trillion won on five banks and 10 brokerage firms, it said in a stat…