LG Card

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• Creditors, LG to compromise on rescue for LG Card: financial watchdog

  - 2004-12-28

  SEOUL AFP — South Korea's top financial watchdog says creditors and the LG Group would eventually compromise over how to rescue LG Card in order to avoid the demise of the country's largest card issuer. Shares of LG Card were up 5.4 percent at 15,500 won, with investors betting...

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• SKorea's LG Card to sell brokerage unit to Woori Financial

  - 2004-07-07

  SEOUL AFP ? South Korea's ailing LG Card said it has signed a memorandum of understanding to sell its brokerage unit LG Investment and Securities to state-run Woori Financial Group. Woori, South Korea's third largest banking group, will submit a final bidding proposal for the brokerage after conducting due...

  Tags: Agence France-Presse, LG Card, LG Electronics Inc.

• LG Card to be auctioned off to creditors on Dec 31

  - 2003-12-17

  SEOUL AFP ? South Korea's largest credit card company will be auctioned off on December 31 in a sale limited to its eight creditors, a main creditor bank said. The bidding price for LG Card will start at one trillion won (840 million dollars) and the buyer will also...

  Tags: Digital Equipment Corp., LG Card, LG Electronics Inc., LG Group

• South Korean creditors plan to take over ailing LG Card

  - 2003-12-15

  SEOUL, AFP ? Creditors of LG Card are seeking to take over the largest credit card company in South Korea via a new injection of funds as the ailing firm faces default risks despite a recent 1.7-billion-dollar bailout. "Creditor banks have proposed to take over LG Card and LG...

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• Cecrop has initiated a fingerprint-recognition payment system using the LG Card at an LG Mart discount store in Korea.(Business News)(Cecrop)(Brief Article)

  - 2003-10-01

  Cecrop has initiated a fingerprint-recognition payment system using the LG Card at an LG Mart discount store in Korea. The system is being implemented throughout all the stores in the chain.

  Tags: LG Card, LG Electronics Inc.

• LG Card to sell stock as part of plan to restructure.

  - 2003-04-11

  Apr 11, 2003 (The Asian Wall Street Journal - ABIX via COMTEX) LG Card has an indication of how it plans to help raise a proposed 1.5 trillion won. The South Korean company announced its intention to raise that amount in the week ending 4...

  Tags: LG Card, LG Electronics Inc., LG Group