SEOUL, Aug. 27 (Korea Bizwire) — South Koreans’ overseas card spending dropped by the most in more than two decades in the second quarter on a sharp decline in the number of outbound travelers amid the COVID-19 pandemic, central bank data showed Thursday. The amount of money spent overseas by Koreans with cards, including credit [...]
SEOUL, July 14 (Korea Bizwire) — Payments made with cards here began to drop shortly after the country confirmed the new coronavirus outbreak in late January, central bank data showed Tuesday, in what could be another data backing reduced spending amid the pandemic. Between February and May, the overall amount of payments made with cards [...]
SEOUL, May 13 (Korea Bizwire) — Credit card spending in South Korea fell at a slower pace in April than a month earlier amid signs of the coronavirus outbreak easing, data showed Wednesday. Credit card purchases approved by the country’s eight card firms — Shinhan, Samsung, KB Kookmin, Hyundai, BC, Lotte, Woori and Hana — [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s credit card spending fell at the fastest rate ever last month, data showed Tuesday, amid the spread of the new coronavirus that continued to keep people away from unnecessary contact. In March, the amount of purchases using credit and debit cards dropped 4.3 percent from the same [...]
SEOUL, April 22 (Korea Bizwire) — Credit card loans in South Korea surged nearly 26 percent on-year in March as cash-strapped people rushed to borrow from card firms amid a prolonged coronavirus outbreak, industry data showed Wednesday. New loans extended by seven credit card firms — Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte [...]
SEOUL, April 10 (Korea Bizwire) — Online credit card spending in South Korea soared more than 22 percent in March, as consumers avoided going out due to the spread of the novel coronavirus, data showed Friday. Online credit card purchases approved by the country’s eight card firms — Shinhan, Samsung, KB Kookmin, Hyundai, BC, Lotte, [...]
Santa Clara, CA, Oct. 28 (Korea Bizwire) — Ondot Systems, the digital card services platform for credit and debit issuers, today announced Card App®, a first-of-its-kind white-label app that enables issuers to empower cardholders with in-the-moment convenience, control and transparency for their physical and virtual cards. Ondot’s Card App enables any issuer to brand and [...]
SEOUL, Sept. 2 (Korea Bizwire) — Daily credit card spending in South Korea continued to climb in the first half on increased online purchases, central bank data showed Monday. Credit card holders spent an average 1.9 trillion won (US$1.57 billion) a day in the January-June period, up 5.7 percent from a year earlier, according to [...]
SEOUL, May 24 (Korea Bizwire) — Credit card spending by South Koreans in foreign countries declined in the first quarter of 2019, although the number of overseas travelers increased due to the winter vacation. The increase in foreign trips is attributed to an increase in the number of travelers who made short trips to Asian [...]
SEOUL, Dec. 13 (Korea Bizwire) — A government civil rights watchdog said Thursday it has asked the Ministry of Justice to allow foreigners staying in South Korea to use their credit cards to pay immigration fees. According to the Anti-Corruption & Civil Rights Commission, foreigners are currently required to pay fees related to immigration and [...]