Tag Archives: South Korea

South Korea – Record Number of Passports Issued in 2017

By | January 3, 2018

Last year saw the largest ever number of passports issued at five-point-23 million, up 12 percent from 2016. The Foreign Ministry released the figures Tuesday, adding that the total number of passports held by Koreans was 29 million. The ministry added the increase in passport issuance was largely due to the steady rise in the number of annual… Read More »

Citibank Korea Fails to Compensate for Debit Card Illegal Payments

By | August 14, 2017

s Citibank Korea hasn’t compensated customers who use its debit card for the damages for more than 45 days, the financial authorities enforced sanctions against the bank. According to the Financial Supervisory Service (FSS) on August 13, affiliated stores at Paypal in the U.S. were targeted with a BIN attack and numerous cases of information of Citibank Korea’s… Read More »

Shinsegae releases SSG branded credit card

By | July 19, 2017

Retail giant Shinsegae said Wednesday that it will release a branded credit card called the SSG Card on Thursday. While most retailers partner with existing credit card companies to create credit card benefits for their consumers, Shinsegae produced its own card to create synergy with its SSG Pay system. When used together with SSG Pay, the SSG card… Read More »

Lotte Card introduces ‘pay with your palm’

By | May 26, 2017

Lotte Card launched Hand Pay, the first system in the world that can process payments with the scan of one’s palm, on May 16. The payment method was made available at 7-Eleven Signature, an unmanned 7-Eleven in the Lotte World Tower in southern Seoul. Lotte Card’s Hand Pay allows customers to pay using an individual’s distinct vein pattern… Read More »