S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%

Highlights –

• S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
• The combined net profit of eight card issuers came to $1.8 billion in 2021.
• The increase was attributed to combination of earnings from card loans and decreased loan-loss reserves.
• At the end of 2020 the number of credit card issued was 113 million.

South Korea's Fi....