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Competition or Desperation? Banks Give Away Cars and Gold Bars as Prizes

SEOUL, Feb.18 (Korea Bizwire) – With the adoption of a new account transfer system and Individual Savings Accounts (ISA), banks are going all out to attract clients with various giveaways. Industry analysts note that Shinhan Bank is currently running a promotion in which customers will have a chance to win a Hyundai Avante. Clients who [...]

Dutch Pay coming to KakaoTalk

SEOUL, Aug. 17 (Korea Bizwire) - Bank Wallet Kakao (Banka), the mobile financial service of KakaoTalk, will increase their charge and wire transfer limits during the next month. According to the Financial Supervisory Service (FSS), 17 domestic banks and the Korea Post have partnered with Banka. All 18 members of the alliance are rewriting the [...]