Antitrust – KB Kookmin - Woori - Shinhan - Hana Bank – Allegations of collusion (South Korea)

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KB Kookmin, Woori, Shinhan and Hana banks, South Korea’s four major banks, are under investigation by the Korea Fair Trade Commission over allegations they exchanged information to determine loan-to-value, or LTV, ratios, a key factor in mortgage lending. The banks are facing information exchange allegations for the first time under a new cartel provision introduced in the 2020 revision of South Korea's competition law.

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