The Korea Fair Trade Commission will make a ruling on the bid-rigging case involving 76.2 trillion won in bonds.

The South Korean Fair Trade Commission announced that it has begun investigating whether 15 primary dealers colluded to manipulate government bond auctions between 2020 and 2023, affecting approximately 76.2 trillion won in bids. The South Korean Fair Trade Commission stated that its examiners have submitted a review report to the commission and have sent a copy to the 15 financial institutions accused in the case. The examiners allege that these companies colluded and exchanged information during government bond auctions from January 2020 to June 2023, recommending corrective measures, fines, and criminal referrals. The commission will determine whether any illegal activities occurred, and if so, will decide on the level of penalties upon review. The institutions named include KTB Investment & Securities, Daishin Securities, Meritz Securities, Mirae Asset Securities, Samsung Securities, Shinhan Securities, NH Investment & Securities, KB Securities, Korea Investment & Securities, and Kiwoom Securities, as well as KB National Securities, NongHyup Securities, Industrial Bank of Korea, Hana Bank, and Korea Development Bank.