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Securities firms, banks in South Korea face potential sanctions in bond probe

By Jenny Lee ( March 11, 2025, 05:51 GMT | Insight) -- Some of South Korea’s biggest securities firms and banks are facing potential sanctions from the country’s antitrust watchdog over allegations of rigging bids in government bond tenders. The Korea Fair Trade Commission has recently sent examiners' reports — equivalent to prosecutorial indictments — to 18 financial institutions, accusing them of colluding in the bidding process for government bonds, MLex was told.Some of South Korea’s biggest securities firms and banks are facing potential sanctions from the country’s antitrust watchdog over allegations of rigging bids in government bond tenders....

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