Korea Joongang Daily
Korea JoongAng Daily

Credit card loans up for 3rd month, hit all-time high in March

Outstanding credit card loans have risen for three consecutive months to reach an all-time high in March amid the economic slowdown and high inflation, data showed Tuesday.

2026-04-21

Gas stations, card companies butt heads over fees as prices at the pump surge

The surge in global oil prices driven by the Iran war has gas station operators and credit card companies butting heads over transaction fees.

2026-04-07

Credit card industry's net profit fell by 9 percent last year due to cost increases

Credit card companies in Korea saw their combined net profit fall 9 percent last year from a year earlier, due to a fall in commission income and increased financial costs, data showed Thursday.

2026-03-19

YouTuber KimBro treats 85-year-old woman who collects cardboard to shopping spree

A YouTuber with 1.1 million subscribers handed an unlimited-limit credit card to an older woman who survives by collecting cardboard, hoping to treat her to a worry-free day of shopping.

2025-12-01

Gov't urges recipients to spend any remaining consumer coupons

A large amount of government-issued consumer coupons remains unused ahead of the Nov. 30 expiration date, prompting officials to urge recipients to spend the funds before they are returned to state and local governments.

2025-11-25

Financial regulator calls on credit card firms to better protect customer data

The chief of the country's financial regulator urged credit card firms to redouble efforts to protect customer data on Thursday, citing a recent data breach case.

2025-11-20

Actor loses 15 million won after losing credit card in Bali, Indonesia

Actor Jeon Hye-bin said on Thursday that she lost 15 million won ($10,700) within 10 minutes of losing her credit card in Indonesia and warned others to be careful. The actor is traveling in Bali to mark the third anniversary of becoming a mother.

2025-10-02

Card firms' H1 net dips 18% on fall in commission income

Credit card companies in Korea saw their combined net profit plunge by more than 18 percent from a year earlier due to a fall in commission income and increased financial costs.

2025-09-05

Jeju ring suspected of using camera-mounted glasses to steal credit card info

Police referred five suspects to prosecutors for allegedly using camera-equipped glasses to secretly record customers’ credit card information at gas stations in Jeju then making unauthorized transactions worth more than 4 million won.

2025-08-14

Overseas card spending falls by most in 3 years in Q1 amid weak consumption

Koreans' overseas card spending fell by the largest margin in three years in the first quarter from three months earlier mainly due to a decline in overseas direct purchases, data showed Friday.

2025-05-23