SEOUL, Oct. 4 (Korea Bizwire) — South Korean teens are refusing to take the change when paying for public transportation because it is ‘too embarrassing’. A 15-year-old teenager surnamed Lee said she has almost never taken any change when paying for a bus ride. “A single pack of snacks at a convenience store costs over [...]
SEOUL, May 1 (Korea Bizwire) — Customers will soon be able to receive change after spending cash at convenience stores and supermarkets through a direct deposit into their bank account, an initiative that is expected to launch later this year. The Bank of Korea announced Wednesday that it has joined hands with convenience store chains [...]
SEOUL, Nov. 8 (Korea Bizwire) — A new financial service will be introduced early next year that allows consumers to buy products in cash and receive change via their bank account at convenience stores and shopping malls. The Bank of Korea (BOK) announced on Thursday that it is now recruiting distributors who wish to participate [...]
SEOUL, Aug. 24 (Korea Bizwire) — A Bank of Korea proposal on how to reduce the amount of pocket change Koreans carry around has proven to be a success among the selected stores the new service is being tested at. The bank has made it possible for shoppers at three major convenience store chains and [...]