South Korea's competition watchdog just issued its biggest fine ever: about $1.2B against 15 government bond dealers.
• 15 primary dealers fined 1.6266 trillion won (about $1.2B) over bond auction collusion in 2020-2023
• Largest single-case fine by the regulator, topping Qualcomm's 1.03 trillion won in 2016
• Bidding info was shared in 150 auctions, with yields or volumes agreed in 145
Why it matters: Bond yields are a benchmark for pricing other assets, and Korea is a major crypto market.
Source: Yonhap (Korea Fair Trade Commission decision)
Not financial advice.
💬 Should crypto markets face the same auction-integrity scrutiny as bonds?
#SouthKorea #Bonds #Regulation
• 15 primary dealers fined 1.6266 trillion won (about $1.2B) over bond auction collusion in 2020-2023
• Largest single-case fine by the regulator, topping Qualcomm's 1.03 trillion won in 2016
• Bidding info was shared in 150 auctions, with yields or volumes agreed in 145
Why it matters: Bond yields are a benchmark for pricing other assets, and Korea is a major crypto market.
Source: Yonhap (Korea Fair Trade Commission decision)
Not financial advice.
💬 Should crypto markets face the same auction-integrity scrutiny as bonds?
#SouthKorea #Bonds #Regulation