By Kang Seung-woo
BC Card, Korea’s credit card payment services provider, plans to ask the Fair Trade Commission (FTC) to punish Visa Card for abusing its market dominance, a BC Card official said Wednesday.
Visa has responded that BC’s claim is true but also threatened to take action as appropriate.
“Visa blocks the entry of a competitor,” the BC official said. “We will take this matter to the FTC.”
The heart of the dispute dates to October