Arab Today, arab today south korean card firms\ q1 net dips 452
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

South Korean card firms\' Q1 net dips 45.2%

Arab Today, arab today

Arab Today, arab today South Korean card firms\' Q1 net dips 45.2%

Seoul - Yonhap

South Korean credit card companies saw their earnings tumble in the first quarter of this year, mainly due to a decrease in gains from their investment in stocks, the financial regulator said Tuesday. The combined net profit of seven stand-alone credit card firms reached 462.2 billion won (US$412.3 million) in the January-March period, down 45.2 percent from 843.1 billion won the previous year, according to the Financial Supervisory Service (FSS).

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