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South Korean government announced plan to reduce credit card fees for small businesses. (Photo by Chung Sung Jun / Getty Images)

Nov 25, 2015 PM EST - Diana Tomale

South Korean Government Plans To Cut Credit Card Charges For Small Businesses Starting 2016

The South Korean government has announced its plan to cut credit fees for small merchants in the country starting next year. However, credit card companies complained it would greatly affect them.

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