SEOUL, Sept. 24 (Korea Bizwire) — Close to 900 automated teller machines (ATMs) were removed from service in Seoul alone last year. While ATMs are disappear across the country, the rate of decrease differed by region. Rep. Youn Kwan-suk of the ruling Democratic Party said that, according to reports he received from the Bank of [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s four major banks — KB Kookmin, Shinhan, Woori and KEB Hana — introduced joint automated teller machines (ATMs) at four Emart stores on Tuesday as part of a pilot project. The new venture comes as an alternative to the decreasing number of other ATMs caused by the [...]
GWANGJU, Jan. 30 (Korea Bizwire) — Automated teller machines (ATMs) are increasingly losing ground due to a boost in credit card use and the growing popularity of Internet and mobile banking. Some predict that these automated banking devices, which have drastically changed financial culture, will gradually disappear into history. According to data from Kwangju Bank, [...]