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South Korea's Fair Trade Commission (FTC) has decided to impose fines totaling more than 1.6 trillion won on 15 domestic financial firms for colluding in government bond bidding for years, Yonhap and KBS World report. The FTC announced the penalty on Wednesday, Nov. 11, marking a record fine for rigging Treasury bond bids. The exact figure cited by Yonhap is 1.62 trillion won. Korean reaction, as reflected in the coverage, focuses on the scale of the penalty, with KBS World describing it as a decision to impose "more than one-point-six trillion won" on the firms.