Despite the struggles of Korea's two biggest credit card companies to stay afloat, there seems to be no problem raising money through the securitization markets. After it emerged earlier this month that Merrill Lynch is arranging a second deal for LG Card - estimated to be between $300 million and $400 million - reports have surfaced that Samsung Card has appointed JPMorgan Securities as lead manager for its latest offering.

While no details have emerged on how big the issue will be or when it will be launched, Samsung's appetite for funds will puzzle some. The company also managed to secure a $300 million credit facility with Royal Bank of Scotland in the past month.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.