SEOUL, Nov 20 (Reuters) - The following are some stocks on the move on Wednesday on the Korea Stock Exchange:
**CREDIT CARD FIRMS DOWN ON GOVERNMENT MEASURES**
Credit card firms extended losses after the government announced measures to crack down on the burgeoning industry.
KEB Credit Service Co , Korea's third-largest credit card firm, dropped 5.26 percent to 9,900 won and top-ranked LG Card lost 2.5 percent to 38,800 won.
Kookmin Credit Card plunged 7.8 percent to 29,400 won.
On Tuesday, the government stepped up measures to calm fears about a credit bubble, by announcing plans to shut down "reckless" credit card firms.
"Credit card firms are expected to strengthen their credit risk management by slashing cash loans," Suh Young-soo, an analyst at Daewoo Securities, said in a report.
"A credit squeeze is expected in the credit card market," he said.
Shares in credit card firms underperformed a 0.34 percent gain in the broader market .
0114 GMT
**SSANGYONG MOTOR LIMIT-UP ON STRONG EARNINGS**
Sport utility vehicle maker Ssangyong Motor co went limit-up by 15 percent to 5,930 won in heavy trade, boosted by strong earnings.
Ssangyong posted a 33-fold rise in net profit for the first nine months of this year from a year ago, aided by strong sales of its new Rexton model.
The shares were also boosted by the growing possibility that the government would scrap an excise tax on its new SUV truck model Musso Sports, traders said.
"The government is expected to revise a law to scrap an excise tax on Musso sports this year," Seoul Securities said in a research note, citing some local reports that the government had already made a decision in favour of Ssangyong.
Merrill Lynch recommended a buy on Ssangyong, citing a completed restructuring and a growth potential in the domestic market.
It set Ssangyong's target price at 9,000 won.
Ssangyong shares outperformed a 0.27 percent loss in the broader market .
0026 GMT