Lotte Card Archives | Be Korea-savvy
Convenience Store of the Future Opens at Lotte World Tower

Convenience Store of the Future Opens at Lotte World Tower

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 [...]

Card Firms’ Q1 Net Soars 60 % on One-Off Gains

Card Firms’ Q1 Net Soars 60 % on One-Off Gains

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, [...]

Credit Card Wars Start as Black Friday Approaches

Credit Card Wars Start as Black Friday Approaches

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 [...]

Card Companies Fret over Prospect of Paying Huge Compensation for Information Leaks

Card Companies Fret over Prospect of Paying Huge Compensation for Information Leaks

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 [...]