SEOUL, March 20 (Korea Bizwire) — South Korean card firms saw their net profit drop 4 percent last year compared with a year earlier, due mainly to steep interest hikes and concerns about an economic slowdown, regulator’s data showed Monday. The combined net profit of the big eight card issuers here, including KB Kookmin, Lotte, [...]
SEOUL, March 28 (Korea Bizwire) — Card firms in South Korea saw their combined earnings in 2021 jump thanks to a hike in commission revenue boosted by rebounding consumption from a pandemic-caused slowdown, industry data showed Monday. The combined net income of eight major card firms came to 2.71 trillion won (US$2.21 billion) last year, [...]
SEOUL, Aug. 16 (Korea Bizwire) — The combined net profit of South Korea’s major credit card firms plunged nearly a third in the first half from a year earlier due mainly to decreased swipe fees, industry data showed Thursday. Eight card issuers, including Shinhan Card Co., Samsung Card Co. and KB Kookmin Card Co., posted [...]