MIRAE ASSET IMPOSED FINE BY FTC BUT NOT PROSECUTED

Highlights –

• Fair Trade Commission (FTC) South Korea decided not to prosecute Mirae Asset.
• FTC rather imposed a fine of $3.6 million.
• Mirae Asset Financial Group violated rules of trading ban among affiliates.

South Korea’s antitrust watchdog Fair Trade Commission (FTC) imposed a fine of $3.6 million on financial conglomerate Mirae Asset Financial Group and ....