South Korea's FTC reinvestigates alleged collusion among major banks over loan practices.

South Korea's Fair Trade Commission (FTC) has reopened an investigation into allegations that the country's four major banks colluded by sharing documents and aligning their loan-to-value (LTV) ratios, which limits how much homeowners can borrow. This collusion is suspected of limiting market competition and inflating bank profits at consumers' expense. The FTC had initially planned to conclude its investigation in November but has decided to reinvestigate, with further on-site inspections expected soon.

6 weeks ago
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