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South Korea's Fair Trade Commission (FTC) has decided to impose more than 1.6 trillion won in fines on 15 domestic financial firms for colluding in the government bond bidding process for years, KBS World reports. Yonhap confirms the watchdog said Wednesday it will fine the firms 1.62 trillion won for rigging government bond bids. The fines mark one of the largest antitrust penalties in the country's financial sector, targeting years of alleged collusion in the Treasury bond auction process. Korean media coverage focuses on the scale of the penalty and the FTC's crackdown on financial market manipulation, with the decision seen as a strong signal against bid-rigging practices that distort government borrowing costs.