SEOUL, South Korea (AP) - Creditors of South Korea's biggest credit card company, LG Card, plan to sell their stakes in the troubled firm next year after orchestrating a 4.8 trillion won (US$4.1 billion) bailout with government help last week, South Korea's vice finance minister said Tuesday.
Vice Finance Minister Kim Gwang-Lim called the rescue package for LG Card "inevitable'' because a bankruptcy would have undercut South Korea's fragile economic recovery.
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