Korea Joongang Daily
Korea JoongAng Daily

Chinese national who spent 100 million won with stolen credit card sentenced to prison

A Chinese national who spent 100 million won ($68,830) after stealing another passenger's credit card aboard a flight from Hong Kong to Korea was sentenced to prison.

2025-02-12

Limit credit-card loans, help debt restructuring

Financial authorities must closely monitor credit card issuers still engaged in loan practices for profit-making if the authorities don’t want to see another credit card crisis devastate the market.

2024-09-30

Credit card loans hit record-high for eight month period

Loans extended by eight major credit card firms reached a record-high of 44.67 trillion won ($34.05 billion) this year through the end of August, which already surpassed 2023's full-year amount of 41.55 trillion won.

2024-09-29

DP chief Lee blasts 'petty' prosecutors after summons over card misuse

Former Democratic Party (DP) leader Lee Jae-myung said Monday that the prosecution’s request that he and his wife, Kim Hye-kyung, appear for questioning over allegations of corporate credit card misuse was a “petty and violent act of retaliation.”

2024-07-08

Credit-card delinquencies reach 10-year high

Delinquencies on bank-issued credit-card loans reached a 10-year high of 34 percent as tightened credit standards prompt individuals with lower credit scores to seek loans.

2024-05-29

Olive Young to launch its own credit card with Hyundai Card

The health and beauty giant has entered a partnership with Hyundai Card to launch a branded credit card.

2024-05-07

Credit, debit card spending up 6 percent, delinquency at 9-year high in 2023

The volume of card spending reached 1,139.3 trillion won, although card companies' profit shrank on the back of bad loans and interest.

2024-03-18

DP chief's wife denies misuse of husband's official expenses card

The wife of liberal Democratic Party (DP) leader Lee Jae-myung denied in court on Monday that she had misused her husband's official expenses credit card during his tenure as Gyeonggi governor.

2024-02-26

What a couple — and a party — indeed

The time has come for the strange couple to tell the truth.

2023-10-19

Another pain for Lee

Democratic Party leader Lee Jae-myung has faced another judicial risk after Gyeonggi Governor Kim Dong-yeon found fault with his wife's abuse of his own corporate card for her personal use when he was the former Gyeonggi governor.

2023-10-18