Seoul - Yonhap
South Korea's financial watchdog ordered credit card firms to raise funds and promptly adopt integrated circuit (IC) cards to prevent a repeat of personal information leakage, market sources said Sunday. Under the order by the Financial Supervisory Service (FSS), South Korea's eight credit card firms will be obligated to raise a combined fund worth 100 billion won (US$94.8 million) to bolster their management of personal data, the sources said.