Hyundai Card Warned Over Customer Solicitation

October 02, 2008, 1:00 a.m. EDT 1 Min Read

South Korea's Financial Supervisory Service has issued an official warning to Hyundai Card Co. for allegedly soliciting customers illegally, a spokesperson for the regulatory agency tells CardLine Global. Hyundai Card is the credit card arm of Hyundai Kia Automotive Group. The agency says Hyundai used unregistered staff to seek customers earlier this year. According to South Korean laws, only staff registered with the regulator can recruit customers. Hyundai Card reportedly employed at least 60 unregistered staff members who had signed up some 5,000 customers, but the spokesperson declines to confirm those figures. Hyundai Card provided no immediate comment.

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