South Korea’s antitrust regulator imposed major fines on banks for LTV collusion, raising expectations that similar penalties could follow in the government bond auction cartel case, with the bond market closely watching the KFTC’s next move.
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KFTC Cracks Down on LTV Collusion—Bond Market Awaits Verdict on Government Bond Auction Cartel
South Korea’s antitrust regulator imposed major fines on banks for LTV collusion, raising expectations that similar penalties could follow in the government bond auction cartel case, with the bond market closely watching the KFTC’s next move.
South Korea’s four largest banks face a 10–20% drop in net profit after the Fair Trade Commission imposed 270 billion won ($202 million) in fines for colluding on mortgage LTV ratios, with the timing of loss recognition under scrutiny as banks prepare for further regulatory penalties.
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Banks Face Reality of Earnings Shock as They Weigh Timing of Antitrust Fines
South Korea’s four largest banks face a 10–20% drop in net profit after the Fair Trade Commission imposed 270 billion won ($202 million) in fines for colluding on mortgage LTV ratios, with the timing of loss recognition under scrutiny as banks prepare for further regulatory penalties.
FTC Delays Sanctions Decision on 'LTV Collusion Allegations' for 4 Major Banks by 6 Weeks
South Korea's Fair Trade Commission postpones decision on sanctioning four major banks for alleged LTV collusion, extending opinion submission deadline by six weeks
FTC Concludes Reinvestigation of 'Bank LTV Collusion' - 'Conclusion Expected in First Half'
South Korea's Fair Trade Commission concludes reinvestigation into major banks' LTV collusion, with decision expected in first half of 2025, potentially increasing fines
Han Ki-jeong - 'Bank LTV Collusion Suspicion, Information Sharing Also Collusion... No Over or Under-regulation'
FTC Chairman Han Ki-jeong addresses LTV collusion suspicions among major banks, emphasizing balanced regulation and ongoing investigation into new issues.
FTC Reinvestigates 'Bank LTV Collusion' - 'Suspicion of Market Competition Restriction'
South Korea's Fair Trade Commission reinvestigates major banks for alleged LTV collusion, citing concerns over market competition restriction and consumer interest infringement
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