SEOUL, July 17: South Korea’s KB Investment & Securities is under investigation by the Fair Trade Commission in relation to certificate of deposit rates, a KB spokeswoman said on Tuesday.
The spokeswoman at the brokerage, an affiliate of KB Financial Group Inc, declined to comment further.
South Korea’s anti-trust agency is investigating local brokerage houses on suspicion of collusion in setting the three-month certificate of deposit rates, sources at several brokerage houses told Reuters on Tuesday. (AGENCIES)
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