Shinhan Card Archives | Be Korea-savvy
Shinhan Card Develops Credit Evaluation Model for Foreigners in S. Korea

Shinhan Card Develops Credit Evaluation Model for Foreigners in S. Korea

SEOUL, Jan. 25 (Korea Bizwire) — High Credit, in-house venture firm of Shinhan Card Co., announced on Thursday that it had developed a credit evaluation model for foreigners living in South Korea. The newly developed credit evaluation model has greatly increased the bank’s ability to differentiate risks by applying non-financial information through big data to [...]

Credit Card Firms Take Cue from Gov’t Rumblings, Shutter Bitcoin Swap Services

Credit Card Firms Take Cue from Gov’t Rumblings, Shutter Bitcoin Swap Services

SEOUL, Dec. 26 (Korea Bizwire) – A credit card points for Bitcoin swap service currently offered by KB Kookmin Card and Shinhan Card is on its last legs, as the respective firms have decided to shutter the service in January. KB Kookmin Card and Shinhan Card points can be redeemed for Bitcoins at cryptocurrency exchange [...]

More than 1 Million Koreans Are Now Convenience Store and Online Shopping Enthusiasts

More than 1 Million Koreans Are Now Convenience Store and Online Shopping Enthusiasts

SEOUL, Jul. 10 (Korea Bizwire) — With the popularity of convenience stores and online shopping among South Koreans growing rapidly, the number of shoppers who rely heavily on both online shopping sites and convenience stores is on the rise. According to a new report released by Shinhan Card on recent retail trends, the number of consumers [...]

Credit Card Companies Facing Criticism Over High-Interest Loans

Credit Card Companies Facing Criticism Over High-Interest Loans

SEOUL, April 11 (Korea Bizwire) – Seven major credit card companies are being accused of exploiting their customers after reports emerged showing they profited handsomely from high-interest loans despite prevailing low interest rates. Low interest rates in South Korea are seeing credit card companies enjoy some of the biggest profit spikes in recent years, with some [...]

Naver Pay and KakaoPay Launch Credit Cards

Naver Pay and KakaoPay Launch Credit Cards

SEOUL, April 5 (Korea Bizwire) – Online quick-payment services are expanding into the offline market with the launch of physical plastic cards. Naver announced that it will launch the Naver Pay Check Card in collaboration with Shinhan Card, while Kakao launched the Kakao Shinhan Check Card, also in partnership with Shinhan Card. With the Naver Pay Check [...]

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 [...]

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 [...]