Woori lines up card securitization

2002, at least as far as cross-border asset backed securitization (ABS) issuance from Korea goes, is shaping up to be the year of credit-card deals. Merrill Lynch will shortly embark on roadshows for a $300 issue for Samsung Capital, targeted for completion by the end of the month, while CSFB was recently mandated to arrange the debut international offering by the Korea Exchange Bank.