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KB Kookmin, Shinhan, Woori, Hana Bank fined for colluding over LTV ratios in South Korea

By Wooyoung Lee ( January 21, 2026, 08:06 GMT | Insight) -- Four major South Korean banks — KB Kookmin, Shinhan, Woori and Hana Bank — have been hit with a combined fine of 272 billion won ($184 million) by the country’s competition regulator for colluding over loan-to-value ratios, a key factor in determining mortgage limits. Hana Bank received the largest fine of 86.9 billion won, followed by Kookmin Bank with 69.7 billion won, Shinhan Bank with 63.8 billion won and Woori Bank with 51.5 billion won.Four major South Korean banks — KB Kookmin, Shinhan, Woori and Hana Bank — have been hit with a combined fine of 272 billion won ($184 million) by the country’s competition regulator for colluding over loan-to-value, or LTV, ratios, a key factor in determining mortgage limits....

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