SEOUL, May 16 (Korea Bizwire) – Seven Eleven Signature opened today at Lotte World Tower, the world’s very first unmanned convenience store where shoppers can pay with the swipe of their hand, thanks to a biometric verification system that scans palm vein patterns. The vein-scanning self-checkout terminal studies the size, color, and shape of each shopper’s [...]
SEOUL, May 16 (Korea Bizwire) – The first-quarter earnings of credit card companies in South Korea jumped 59.9 percent from a year earlier due mainly to one-off factors, the country’s financial regulator said Monday. The combined net profit of eight credit card firms, including Shinhan Card Co. and Lotte Card Co., came to 803.7 billion won (US$718.5 million) in the January-March period, compared to 502.5 billion won the previous year, [...]
SEOUL, Nov.9 (Korea Bizwire) – With the American ‘Black Friday’ shopping frenzy only three weeks away, the credit card industry has ramped up marketing efforts, targeting those who make direct overseas purchases. As the number of people who make overseas purchases is increasing rapidly, credit card companies have started their promotions earlier than in previous [...]
SEOUL, May 27 (Korea Bizwire) – Jin Air, a budget airline in Korea, will be the first carrier to introduce Kakao Pay as a mobile ticket payment method. With its decision, passengers purchasing Jin Air tickets through the Internet or on mobile apps will be able to pay using their Kakao Pay accounts, as well [...]
SEOUL, May 20 (Korea Bizwire) –Due to the massive personal information breaches that have occurred this year, major credit card companies such as KB Kookmin Card, Nonghyup Card, and Lotte Card took more than 160 million won in losses from business suspensions. But they are not out of the woods yet given they must face the [...]
![[Kobiz Stats] Volumes of Credit and Debit Cards Approved per Year](http://koreabizwire.com/wp/wp-content/uploads/2014/04/카드발급장수-영문.jpg "[Kobiz Stats] Volumes of Credit and Debit Cards Approved per Year")
[Related Article] Number of Credit Cards Issued Has Declined for the First Time (Korea Bizwire, April 9) Last year, the number of cards issued, both credit and debit, declined for the first time. According to the Bank of Korea’s “Payment and Settlement Report for 2013,” a total of 209.03 million cards were issued last year, [...]
SEOUL, Korea, April 9 (Korea Bizwire) – Last year, the number of cards issued, both credit and debit, declined for the first time. According to the Bank of Korea’s “Payment and Settlement Report for 2013,” a total of 209.03 million cards were issued last year, down 4.3 percent from the previous year’s 218.46 million. This [...]