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AccessMyLibrary    Browse    A    AsiaPulse News    NOV-03    CUMULATIVE DEFICIT TOPS US$3.4 BLN AT KOREAN CREDIT CARD COS.

CUMULATIVE DEFICIT TOPS US$3.4 BLN AT KOREAN CREDIT CARD COS.

Publication: AsiaPulse News

Publication Date: 03-NOV-03
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COPYRIGHT 2003 Asia Pulse Pty Ltd

SEOUL, Nov 3 Asia Pulse - South Korean credit card companies without ties to the banking sector marked 4.04 trillion won (US$3.4 billion) in cumulative deficit in the third quarter due to rising delinquencies and the continued economic downturn, according to industry sources today.

Their combined deficit totaled 1.44...

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