{
    "success": true,
    "data": {
        "id": 1330859,
        "msgid": "keb-unit-suspends-cash-services-1447893297",
        "date": "2003-12-23 00:00:00",
        "title": "KEB unit suspends cash services",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "KEB unit suspends cash services SEOUL: Korea Exchange Bank (KEB) said Monday its credit card business unit had suspended its cash advance services due to a cash shortage in a widening crisis over South Korea's credit card industry. It is unclear when KEB Credit Service will be able to resume the services which were suspended around 2:00 pm (12 a.m. Jakarta time), according to KEB.",
        "content": "<p>KEB unit suspends cash services<\/p>\n<p>SEOUL: Korea Exchange Bank (KEB) said Monday its credit card<br>\nbusiness unit had suspended its cash advance services due to a<br>\ncash shortage in a widening crisis over South Korea's credit card<br>\nindustry.<\/p>\n<p>It is unclear when KEB Credit Service will be able to resume<br>\nthe services which were suspended around 2:00 pm (12 a.m. Jakarta<br>\ntime), according to KEB.<\/p>\n<p>\"We could not provide further cash to the unit as 350 billion<br>\nwon (US$290 million) of ceiling set for the unit has already been<br>\nused up,\" a bank spokesman said.<\/p>\n<p>The official said the card unit was also having difficulty<br>\ngetting fresh loans from other financial institutions because of<br>\nits liquidity problems and ongoing strikes by the labor union to<br>\nprotest the unit's planned merger with the parent bank.<\/p>\n<p>KEB, the sixth-largest lender in South Korea, was taken over<br>\nin October by Lone Star, a U.S. investment fund which paid 1.38<br>\ntrillion won for a 51 percent stake from the government. -- AFP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/keb-unit-suspends-cash-services-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}