Samsung Card Archives | Be Korea-savvy
50,000 Won in Gifts for Those Who Adopt Abandoned Pets

50,000 Won in Gifts for Those Who Adopt Abandoned Pets

SEOUL, May 10 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) announced on Thursday that it will give 50,000 won (US$42.46) worth of congratulatory gifts to citizens who adopt abandoned animals under a business agreement with Samsung Card Co., the credit card arm of South Korea’s top conglomerate Samsung Group. Under the agreement, the SMG [...]

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 Industry Busy Preparing for Full-fledged Use of Samsung Pay

Card Industry Busy Preparing for Full-fledged Use of Samsung Pay

SEOUL, Aug. 4 (Korea Bizwire) – Prior to the official launch of Samsung Pay, Samsung Electronics‘ simple on and offline payment solution, Korean card companies are busy preparing for the service. According to credit card industry representatives, Samsung Card, Samsung Group’s card company, and BC Card are now offering a trial run of Samsung Pay [...]

S. Korean Financial Firms Set to Adopt Biometric Identification

S. Korean Financial Firms Set to Adopt Biometric Identification

SEOUL, Aug. 4 (Korea Bizwire) – In the mega-hit movie “Minority Report,” buildings, shops and streets are full of electronic biometric systems that use red flashes and lights to scan the irises of all passers-by and identify them in order to send them custom-tailored services and advertisements. Before entering a security agency, Tom Cruise, who [...]

Korean Card Companies Seek Lucrative Costco Partnership

Korean Card Companies Seek Lucrative Costco Partnership

SEOUL, March 20 (Korea Bizwire) — Korean card companies are throwing themselves at Costco Korea in hopes of developing an affiliate partnership, as the company’s current agreement with Samsung Card ends in May. Costco’s corporate policy is to only have one card partnership agreement per country, and its affiliation with Samsung Card has been in place for [...]

Reward Point Cash-Back Programs Introduced for Customers Cancelling Credit Cards

Reward Point Cash-Back Programs Introduced for Customers Cancelling Credit Cards

SEOUL, Mar. 18 (Korea Bizwire) — Shinhan Card is introducing a cash-back service for remaining reward points in situations where customers decide to withdraw their membership due to mistakes or faults in the company’s operation. The cash-back service is due to start on April 15. Korean credit card companies have been allowing their customers’ reward points to [...]

No Active X or Digital Signatures Needed for New Korean Online Payment System

No Active X or Digital Signatures Needed for New Korean Online Payment System

SEOUL, Dec. 29 (Korea Bizwire) — A simple, non-Active X online payment service will soon be available in Korea from major credit card companies. Starting December 29, customers will be able to make credit card payments for their online transactions by providing their ID number and a password. Major Korean credit card companies such as [...]