The Fair Trading Commission said it had decided to re-examine the case on the 20th regarding “unfair joint actions by four commercial banks”.

The FTC said it is for further confirmation of facts and that the examiner will re-provide the agenda to the committee as soon as possible after confirmation of additional facts.

It is being interpreted as an intention to judge carefully as it is the first application of “collusion on the sharing of information”, which was newly established after the revision of the Fair Trading Act in 2020.

As the committee decided to confirm the facts further, it is predicted that the final sanctions could be delayed until next year.

The FTC members’ decision is being interpreted as a way to consider the details even if it takes some time.

The FTC’s office, which serves as the prosecutor, found that the four major banks shared up to 7,500 LTV data and then adjusted them to a similar level, restricting competition in the market, resulting in unfair profits and violating the interests of financial consumers.

The banks, on the other hand, argue that it is simply an exchange of information, not collusion, and that there was no unfair advantage on the part of the banks.

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