credit cards Archives | Be Korea-savvy
Credit-card Commission Fees for Small Merchants to be Lowered from Next Month

Credit-card Commission Fees for Small Merchants to be Lowered from Next Month

SEOUL, Jan. 7 (Korea Bizwire) — Credit-card commission fees for small merchants will be lowered starting next month as the government seeks to ease financial burdens on self-employed business owners, according to officials at credit-card firms Monday. Starting in February, credit-card processing fees for small merchants with an annual revenue of between 500 million won [...]

62,000 Stores Join Zero Pay Transaction System

62,000 Stores Join Zero Pay Transaction System

SEOUL, Dec. 4 (Korea Bizwire) — More than 60,000 member stores of popular franchises across South Korea will be participating in the new government-led Zero Pay program. The Seoul Metropolitan Government, Ministry of SMEs and Startups, Busan Metropolitan Government, and South Gyeongsang Provincial Office signed an agreement with 26 franchises on Monday to implement the [...]