FSC, ruling party to unveil measures to cut card transaction fees, reduce burden on small businesses

the South Korean government in the ruling Democratic Party is set to discuss measures to reduce credit card transaction fees to reduce the financial burden on small business owners Monday's meeting will be attended by the chairman of the Financial Services Commission and the floor leader of the Democratic Party of Korea following which specific measures will be revealed last week president moon jae-in instructed the financial watchdog to provide incentives for small business owners including a cut in card fees and improved financial support