Rolling out a private label credit card (PLCC) is becoming a popular marketing strategy for companies trying to attract loyal customers.
Regulators and retail companies are arguing that point now as they prepare for MyData, a government-led project that gives banking institutions access to customer information.
KB Securities was fined 3.8 billion won ($3.2 million) for not handling customer data properly and violating more than one capital market regulation.
Korea JoongAng Daily Sitemap