Fair Trade Commission, full-scale investigation of 6 banks′ interest rate and fee fixing′

Fair Trade Commission, full-scale investigation of 6 banks' interest rate and fee fixing': COMPANY / Reporter Kim Jisun / 2023-03-12 22:59:42

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

공정거래위원회. 사진= 연합뉴스

[Alpha Biz=(Chicago) Reporter Kim Jisun] Government investigations into allegations of collusion, including interest rates at major commercial banks, are speeding up.

According to related ministries and industries on the 12th, the Fair Trade Commission's cartel investigation bureau conducted an on-site survey of five major commercial banks (KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup) and IBK Industrial Bank of Korea from the 27th of last month to the 3rd.

The official letter of investigation presented by the FTC to the bank reportedly said, "We will investigate whether there is unfair joint action regarding bank fees and loan interest rates."

As fees and loan interest rates vary and simultaneous investigations have been conducted on several banks, the FTC is likely to have secured vast amounts of related data.

After completing the first review of the data, the FTC plans to conduct a statement investigation of the parties, interested parties and witnesses.