12-Mar-18, Business Korea

An increasing number of Korean card issuers are saying they have no chance against winning a complaint with the Fair Trade Commission (FTC) against Visa for its decision to increase a commission charge for the usage of overseas payment networks.

Korean card issuers face difficulties against Visa (c) Business Korea

Image: Business Korea

An official from a domestic card issuer said, "This has made little progress up to now. It is true that we have a slim chance to beat Visa."

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