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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

KakaoPay expands international shipping to 199 countries, offers shipping fee discount for three months

KakaoPay will expand the countries where its international shipping service is available from five to 199 worldwide. The company said it will also run a promotion offering an immediate 20 percent discount on shipping fees from Oct. 1 through Dec. 31. The discount applies to payments made with KakaoPay Money and cards registered with KakaoPay. The service includes pickup, repackaging, inspection and customs processing.

Finance

PG firms team up to block fraudulent payments, rate hike fallout in focus

South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.