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Finance
KakaoBank launches \'The Check Card\' with daily benefit selection
KakaoBank on Tuesday launched \'KakaoBank The Check Card,\' a debit card that lets customers choose card benefits each day based on spending plans. Users can select either 0.5 percent cashback at domestic merchants or 5 percent cashback at selected lifestyle brands and year-end tax settlement-related categories, with no prior-month spending or minimum payment requirements. Cashback is capped at 20,000 won per month and 1,000 won per day, and the current benefits run through June 30, 2027.
Finance
KakaoBank launches \'Sticky Card\' PLCC with Shinhan Card
KakaoBank launched a private label credit card with Shinhan Card on Aug. 21. The KakaoBank Sticky Shinhan Card offers discounts focused on daily spending, including simple payments, AI subscription services, memberships and shopping. It provides 10 percent off certain online payments and AI subscription billings, 50 percent off selected memberships, and 10 percent off at major offline retailers. Discount limits vary by prior-month spending. A promotional refund event runs through Oct. 31.
Telecommunications & Media
Value-added telecom services revenue enters 500 trillion won range as digital platforms become part of daily life
South Korea\'s value-added telecommunications services kept growing, with 2024 revenue estimated at 502.9 trillion won, up 15.3 percent from a year earlier, a government survey showed. Digital platform services generated 161.5 trillion won, accounting for 32.1 percent of the total and rising 5.4 percent. The survey also found broad use of AI, big data and cybersecurity, and examined user behaviour across platform types and subscription-based bundling of OTT and e-commerce services.
