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Korean Credit Card Crisis

Tags » Card Issuers  »

Reuters reports on the serious credit card crisis facing Korea.

The crisis engulfing South Korea's debt-laden credit card sector worsened on Monday when the largest issuer, LG Card, was granted an extra $250 million in emergency loans and its third-biggest issuer, KEB Credit, suspended cash advances.
Posted: Dec 23, 2003 10:51 AM Pacific |   |   |   Tweet This

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