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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.
Date: December 23, 2003 at 10:51 AM Pacific   |      |     |  StumbleUpon Toolbar Stumble It!

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