The collective credit card delinquency rate for the five major card issuers in South Korea–Samsung Card, BC Card, Shinnan Card, Hyundai Card and Lotte Card–was 3.43% at the end of 2008, a spokesperson from the country's Financial Supervisory Commission tells CardLine Global. Though the rate declined 36 basis points from 3.79% at the end of 2007, it rose by 15 basis points from 3.28% at the end of September, the commission says. The commission plans to publish complete statistics about delinquency rates for the country's major issuers in the coming weeks, the spokesperson adds.
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