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KOREA'S FSS UNCOVERS ILLEGAL CREDIT CARD PRACTICES.

AsiaPulse News

| August 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Aug 1 Asia Pulse - The Financial Supervisory Service (FSS) today said it had cracked down on 121 companies for illegal activities involving the issuing of credit cards and payment of overdue loans.

The FSS last month investigated and found illegal practices carried out over the internet.

Forty-three companies had solicited credit card subscribers with dubious promises to issue several credit cards of different companies.

The companies had received subscription ...

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Source: HighBeam Research, KOREA'S FSS UNCOVERS ILLEGAL CREDIT CARD PRACTICES.

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