Finance

Seoul climate commute card 30-day pass ends, financial firms\' race for transit users shifts

Seoul\'s 30-day Climate Companion Card pass will effectively end at the end of this month, shifting competition among financial firms to win public transport users. The city will end operations of the 30-day pass on Oct. 1, while short-term passes continue. Seoul has launched the Climate Companion Pass by adding Seoul-specific benefits to the Everyone\'s Card (K-Pass). Card issuers are focusing on their own perks as policy refunds are the same across participants.

Finance

Shinhan Financial, regulators and police step up response to no-show scams, offer up to 3 million won support

Shinhan Financial Group will work with financial authorities and the National Police Agency to prevent “no-show” scams targeting small merchants. Shinhan Bank will provide free insurance to about 150,000 merchants on its delivery app Ttanggyo-yo, offering support of up to 3 million won if losses occur. A month-long joint campaign will run from Sept. 14 with the Financial Services Commission, Financial Supervisory Service and police, alongside prevention guidance and publicity to improve transaction practices.