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South Korean card cash advances show 83.16% of users near 20% rate cap

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  • KB Kookmin Card recorded the highest cash-advance share in the 18%-20% interest bracket.
  • 83.16% of KB Kookmin Card cash-advance users fell within the high-rate bracket.
  • South Korea's legal maximum interest rate is 20% annually, according to the Financial Services Commission.
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