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Banks unnerved by FTC probe into collusion on secured loans

The country’s top four commercial lenders are on alert over an investigation by the Fair Trade Commission (FTC), into years of alleged collusion whereby they allegedly maintained their terms and conditions for secured loans at similar levels to limit competition, according to market watchers, Monday. They are KB Kookmin, Shinhan, Hana and Woori. ....

Yoon Suk Yeol , Fair Trade Commission , Industrial Bank , Nh Nonghyup Bank , Trade Commission Chairman Han Ki Jeong , President Yoon Suk Yeol , Hyup Bank , South Korea , He Korea Times , Orea Times , Orean News In English ,