Antitrust Regulator Penalizes Big Banks for Restricting Mortgage Competition

SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday that it had imposed a combined 272 billion won, or about $184 million, in fines on the country’s four largest commercial banks, accusing them of coordinating restrictions on mortgage lending in a way that undermined competition. The Fair Trade Commission said Shinhan Bank, Woori [...]