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, Oct. 2 (Korea Bizwire) — The number of automated teller machines (ATMs) installed across South Korea has been shrinking over the past five years. The Financial Services Commission reported that the number of ATMs used by 15 commercial banks shrank by 8,193 machines over five years, standing at 35,208 machines as of July this [...]
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 [...]
SEOUL, Nov. 15 (Korea Bizwire) — A non-profit financial organization has introduced a new service to analyze the usage of ATMs across a number of regions. The Korea Financial Telecommunications and Clearings Institute (KFTC) will begin testing the cash dispensers (CD) and automated teller machines (ATM) operational effectiveness diagnostic services jointly with the banking sector [...]