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Shinhan Card
Shinhan Card Co. Ltd. is Korea's biggest, global top-five credit card company. Headquartered in Seoul, South Korea, the company has a partnership with Shinhan Capital, and is an affiliate of Shinhan Financial Group. Shinhan Card was established in 1990, as a technical and business company licensed by Shinhan Bank. It introduced the technology of sending virtual one-time card numbers in Visa's 3-D Secure first in the world for its customers' security. Brand Shinhan Card both issues credit card and check card and also operate under a BC Card license inherited from Chohung Bank. In the United States, most card readers will accept as Debit Mastercard Credit, all debit cards are using Credit Card transaction system. *Shinhan Card **Domestic Card; South Korean domestic transaction system only. Both Credit and Debit Card number starts with 9XXX. **Visa (includes domestic-only debit card) ***Visa Electron ** MasterCard ***Maestro ** JCB **URS (Domestic Credit Card only. JCB han ...
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Seoul
Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities by GDP, sixth largest metropolitan economy in 2022, trailing behind New York metropolitan area, New York, Greater Tokyo Area, Tokyo, Greater Los Angeles, Los Angeles, Paris metropolitan area, Paris, and London metropolitan area, London, and hosts more than half of South Korea's population. Although Seoul's population peaked at over 10 million, it has gradually decreased since 2014, standing at about 9.6 million residents as of 2024. Seoul is the seat of the Government of South Korea, South Korean government. Seoul's history traces back to 18 BC when it was founded by the people of Baekje, one of the Three Kingdoms of Korea. During the Joseon dynasty, Seoul was officially designated as the capital, surrounded by the Fortress Wall of Seoul. I ...
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Visa Electron
Visa Electron was a debit card product that used the Visa payment system. It was offered by issuing banks in every country with the exception of Canada, Australia, Argentina, Ireland and the United States. The difference between Visa Electron and Visa Debit, a similar product, is that payments with Visa Electron always require on-line electronic authorisation, and typically require that all the funds be available at the time of transfer, i.e., Visa Electron card accounts may not normally be overdrawn. Most Visa Debit cards, on the other hand, may be processed offline, without online authorisation, and may allow transfers exceeding available funds up to a certain limit. For that reason, Visa Electron cards are more commonly issued to younger customers or customers that have poor credit. Online stores and all offline terminals do not support Visa Electron because their systems cannot check for the availability of funds. In addition to point of sale debit payments, the card also al ...
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Financial Services Companies Of South Korea
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pr ...
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Namdaemun
Namdaemun (), the Sungnyemun (), is one of the Eight Gates in the Seoul City Wall, South Korea. The gate formed the original southern boundary of the city during the Joseon period, although the city has since significantly outgrown this boundary. It is located in Jung District between Seoul Station and Seoul Plaza, with the historic 24-hour Namdaemun Market next to the gate. The gate, dating back to the 14th century, is a historic pagoda-style gateway, and is designated as the first National Treasure of South Korea. It was once one of the three major gateways through Seoul's city walls which had a stone circuit of and stood up to high. It was first built in the last year of King Taejo of Joseon's reign in 1398, and rebuilt in 1447. In 2008, the wooden pagoda atop the gate was severely damaged by arson. Restoration work on the gateway started in February 2010 and was completed on 29 April 2013. The gate was reopened on 4 May 2013. Name The South Korean government, as ...
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Economy Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, the economy was worth (US$1.87 trillion). It has the 4th largest economy in Asia and the 13th largest in the world as of 2025. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few decades. This economic growth has been described as the Miracle on the Han River, which has allowed it to join the OECD and the G20. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. Among OECD members, South Korea has a highly efficient and strong social security system; social expenditure stood at roughly 15.5% of GDP. South Korea spends around 4.93% of GDP on advanced research and development across various sectors of the economy. South Korea's education system and the establishment of a motivated and educated populace were ...
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China UnionPay
UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China). It is also an electronic funds transfer at point of sale ( EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 181 countries and regions around the world. In 2015, the UnionPay overtook Visa and Mastercard in total value of payments made by customers and became the largest card payment processing organization (debit and credit cards combined) in the world surpassing the two. However, only 0.5% of this payment vol ...
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Japan Credit Bureau
, formerly Japan Credit Bureau, is a credit card company based in Tokyo, Japan. History Japan Credit Bureau was founded in 1961 by Sanwa Bank (now MUFG Bank) and Nippon Shinpan (now Mitsubishi UFJ NICOS), as the country's second credit card issuer and payment network after the Japanese branch of Diners Club International. JCB firmly established itself in the Japanese credit card market after purchasing, and then absorbing, Hokkaido Credit Bureau and Osaka Credit Bureau in 1968. its cards are issued to 130 million customers in 23 countries. JCB also operates a network of membership airport lounges for holders of their Platinum Cards issued outside Japan. JCB cards are issued in 24 countries. In most of these, JCB is affiliated with financial institutions to issue JCB-branded cards. In the United States, JCB is not a primary credit card network such as Visa or MasterCard. While the brand was primarily accepted by tourism-related businesses such as airlines and car rental ...
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Maestro (debit Card)
Mastercard Maestro is a brand of debit cards and prepaid cards owned by Mastercard that was introduced in 1991. Maestro is accepted at around fifteen million point of sale outlets in 93 countries. On July 1, 2023, Mastercard began phasing out Maestro across Europe. European banks and other card issuers are now required to replace expired or lost Maestro cards with a different card. Functionality Maestro debit cards are obtained from associate banks and are linked to the cardholder's savings account, current account or any of several other types of accounts, while prepaid cards do not require a bank account to operate. Maestro cards can be used at point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ... (POS) and ATMs. Payments are made by swiping cards through th ...
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Visa Inc
Visa Inc. () is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa does not issue cards, extend credit, or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through SpringerLink. In response to competitor Master Charge (now Mastercard ...
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Chohung Bank
Chohung Bank Co., Ltd. (CHB; , sometimes transcribed as Joheung Bank) was a bank company headquartered in Seoul, South Korea. It was formed by the 1943 merger of Hanseong Bank (), established in 1897 and sometimes referred to as Korea's first bank, and Dong-il Bank (), originally established in 1906 as Hanil Bank (, not to be confused with the Hanil Bank, namesake South Korean Bank active between 1960 and 1999) and renamed in 1931. By the mid-1990s, Chohung Bank was one of the five most prominent banks in South Korea, together with Korea First Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank. It was negatively affected by the 1997 Asian financial crisis and eventually merged into Shinhan Financial Group in 2003-2006. Korean Empire and Japanese rule Hanseong Bank was established on . The Bank was successful because despite lending out money at twice the rate it borrowed it at, the bank's interest rates were still far lower than what could be obtained elsewhere in Korea at ...
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