Four Major Banks File Lawsuit to Challenge Fair Trade Commission’s Fines for ‘Ltv Collusion’

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The four major commercial banks—KB Kookmin, Shinhan, Hana, and Woori—are filing a lawsuit to challenge the fines imposed by the Fair Trade Commission for colluding on the Loan-to-Value (LTV) ratio. According to the financial industry on the 20th, the four banks filed an administrative lawsuit with the court on that day regarding the FTC's fine disposition. It is reported that all four banks submitted their complaints on this day, as the deadline…

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[Digital Daily Reporter Lee Ho-yeon] The four major banks (KB Kookmin, Shinhan, Hana, and Woori Bank) are filing a lawsuit to challenge the Fair Trade Commission's (FTC) fines imposed for colluding on loan-to-value (LTV) ratios. According to financial industry sources on the 20th, these banks are scheduled to file an administrative lawsuit with the Seoul High Court today, seeking the cancellation of the FTC's fine imposition. Previously, in Ja…