Finance
Banks battle over benefits for military Nara Love Card
As Phase 3 of South Korea’s Nara Love Card rolls out, Shinhan Bank, Hana Bank and IBK Industrial Bank of Korea are intensifying competition to attract service members. Benefits shift away from cinema discounts toward frequently used categories such as OTT services, delivery apps, convenience stores and public transport. The banks are differentiating on PX discounts, cashback terms, interest on salary-linked products and rates on military savings, as well as accident and handset insurance coverage.
