Watchdog Inspects Top Korean Banks for Potential Collusion Again
- South Korea’s FTC visits four Korean lenders to secure data
- Visit is latest in FTC probe of potential loan rate collusion
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South Korea’s antitrust watchdog inspected the country’s four largest banks, the latest in ongoing efforts to investigate potential collusion on loan rates.
The country’s Fair Trade Commission sent inspection teams to Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank to secure data this week, according to spokespeople for the lenders.