UPDATE 4-S.Korea's LG Card resumes cash advances

Newswire

(Adds LG Card resuming cash advances, updates shares, won) By Jean Yoon and Kim Miyoung SEOUL, Nov 24 (Reuters) - South Korea's largest credit card issuer, LG Card Co, resumed cash advances to customers on Monday after creditors agreed to extend emergency loans, averting a liquidity crunch that threatened the country's financial system. Debt-laden LG Card was forced to suspend cash advances over the weekend, raising the spectre of a spiralling series of defaults as many South Koreans ...

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