UPDATE 1-S.Korea card firms swing to black, delinquency dips

Newswire

(Adds details, background) SEOUL, Aug 16 (Reuters) - South Korea's six credit card firms rebounded to a combined quarterly net profit of 597.7 billion won ($588.9 million), while their delinquency ratio fell to a 18-month low, data from the financial watchdog showed on Tuesday. The data adds to growing optimism about the sector, which has already been attracting major foreign investors, who are betting profit in the local card industry will rise in line with a recovery in private ...

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