Friday, February 08, 2008

[The Chosun Ilbo, January 16 2008] Credit Card Limits to be Strengthened

People carrying credit cards such as Shinhan, Samsung, and Hyundai Card will see their spending limits cut starting February.

The Financial Supervisory Commission says it will revise regulations on credit card companies, giving them a chance to maintain the same minimum reserve levels as bank-affiliated cards.

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