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Regulator Scrutiny Mounts Over Lotte Card’s Exposure to Homeplus Collapse
Concerns are intensifying in South Korea’s financial sector after a lawmaker called for a closer examination of Lotte Card’s financial dealings tied to struggling retailer Homeplus. Lee In-young, a senior member of the ruling Democratic Party of Korea, has urged authorities to investigate whether the credit card company absorbed substantial losses stemming from the retailer’s…