Tuesday, March 18, 2003

SOUTH KOREA IS WALLOWING IN CREDIT CARD DEBT
Bad loans at local credit-card firms surged by nearly fourfold to 2.1 trillion won at the end of last year from 500 billion won a year earlier, a report from the Financial Supervisory Service (FSS) showed yesterday.
Gotta love American style capitalism!

// posted by Kirk @ 4:15 PM
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