AdvertisementAdvertisementBusiness11 Nov 2026 11:42AM (Updated: 11 Nov 2026 11:54AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST SEOUL, Nov 11 : South Korea's Fair Trade Commission said on Wednesday that the regulator levied fines totalling 1.6 trillion won ($1.2 billion) on 15 domestic brokerage firms and banks for colluding at government bond auctions for more than three years.The regulator said that from January 2020 to June 2023, the 15 primary dealers exchanged information by phone or the Telegram messaging app on their bidding yields one or two minutes before the deadlines in 150 government bond auctions.In 145 of those auctions, they directly agreed on bidding yields and volumes, the commission said.Such activities resulted in an artificial rise in South Korean bond yields, the FTC said.The FTC said it expects the penalty to foster effective competition in bond auctions and increase the efficiency of national fiscal management.($1=1,343.2000 won)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST