South Korean banks get examiner's report over alleged information-sharing

By Wooyoung Lee ( April 22, 2025, 05:23 GMT | Insight) -- South Korea’s four major banks — KB Kookmin, Shinhan, Woori and Hana — have received examiner’s reports from the country’s competition regulator with findings on allegations that they illegally shared information on loan-to-value ratios. The banks are accused of exchanging information to determine their LTV ratios, a key factor in mortgage lending. The delivery of the reports indicate that the regulator concluded the probe that was reopened after the commissioners sent the case back to investigators last year. South Korea’s four major banks — KB Kookmin, Shinhan, Woori and Hana — have received examiner’s reports from the country’s competition regulator with findings on allegations that they illegally shared information on loan-to-value, or LTV, ratios....

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South Korean banks get examiner's report over alleged information-sharing

Prepare for tomorrow’s regulatory change, today

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