Korea Fines Bond Dealers Record $1.2 Billion Over Collusion

South Korea's Fair Trade Commission fined more than a dozen domestic banks and brokerages 1.63 trillion won ($1.2 billion) for collusion in government bond auctions between 2021 and 2024, according to a statement from the regulator. The investigation lasted one year. The fines represent the largest antitrust penalty South Korea's regulator has imposed on bond market participants.

• Bloomberg — Korea Fines Bond Dealers Record $1.2 Billion Over Collusion

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