SEOUL (Reuters) - North Korea announced on Friday the introduction of the Stalinist country's first credit card, but just how it would work was unclear.

"The North East Asia Bank of the Democratic People's Republic of Korea has introduced (an) IC credit card ... in order to modernise its settlement business," the official Korean Central News Agency reported.

"The IC card ensures the safety of the data registered in it. And it is impossible to counterfeit it so as to prevent money from being lost," KCNA said...