Arab Today, arab today card firms 2013 net rises 271
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Arab Today, arab today

Card firms 2013 net rises 27.1%

Arab Today, arab today

Arab Today, arab today Card firms 2013 net rises 27.1%

Seoul - Yonhap

Earnings by South Korean credit card companies jumped 27.1 percent last year from a year earlier from a drop in bad debt expenses, the financial regulator said Sunday. The combined net income of seven stand-alone card firms came to 1.66 trillion won (US$1.56 billion) in 2013 compared with 1.3 trillion won the previous year, according to the Financial Supervisory Service (FSS).

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