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BC Card
BC Card (Hangul: 비씨카드) is a South Korean financial services company headquartered in Seoul. South Korea's largest payment processing company, it provides end-to-end payment services, primarily to financial institutions, as well as to local merchants through its subsidiary company Smartro; credit cards, debit cards and prepaid cards; local brand network operation under the brand of "BC"; card issuing BPO (Business Process Outsourcing) to financial institutions; as well as Internet commerce and mobile payment solutions. Global Payment Services BC Card is a leading company in the Korean card industry and is growing into a global payment company, aiming to become a global payment provider. In 2008, when it established a local subsidiary in China, it launched a partnership with China Union, a Chinese credit card company, and launched the "China Series Card." Currently, BC Card is in charge of buying tickets (inbound) of foreign-issued Union Card in South Korea, so if you use ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Daegu Bank
DGB Financial Group (Korean: DGB금융그룹,( abbreviated as DGBFG) is a South Korean banking holding company headquartered in Daegu. Its flagship company, Daegu Bank, is one of the largest regional banks in the country, mostly serving customers in the Daegu-Gyeongbuk region. Background The group was founded on May 17, 2011 upon the Financial Supervisory Service's approval for the establishment of a financial holding company for Daegu Bank and its two arms, Daegu Credit Information and Kardnet. Ha Chun-soo is currently serving as president and CEO of both Daegu Bank and DGB Financial. Relationship with United Nations DGB Financial Group first joined the United Nations Global Compact on July 18, 2006, to support ten universal values in the areas of labour, human rights, environmental protection, and anti-corruption. The company signed the United Nations Environment Programme (UNEP) statement on September 27, 2006. See also * List of banks in South Korea *Daegu *Gyeongb ...
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Korea Post
Korea Post is the national postal service of South Korea, under the authority of the Ministry of Science and ICT, formerly Ministry of Knowledge Economy until 2013. Korea Post is in charge of postal service, postal banking, and insurance services. Its headquarters are in Sejong City. Functions Korea Post is charged with providing the following postal and financial services at post offices: * Basic postal service (handling and delivering mail and parcels) * Additional postal services (registered mail, customer pickup, P.O. Box, sales of local products by mail order and postal errand service) * Postal savings, money orders and postal giro * Postal insurance. Organization * Two divisions with four bureaus * Affiliated agencies: ** Korea Post Officials Training Institute ** Korea Post Information Centre ** Supply and Construction Office of Korea Post ** Regional Communications Offices in Seoul, Gyeongin, Busan, Chungcheong, Jeonnam, Gyeongbuk, Jeongbuk, Kangwon, Jeju ** 3,631 ...
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K Bank
K Bank (Hangul: 케이뱅크), is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation. History K Bank launched in 2017, when both KT and Kakao were given licenses to launch Internet-only banks in Korea. K Bank was the first to launch, becoming the first new bank to launch in two decades. During its launch, the bank was able to attract 250,000 new customers in its first two weeks. In May 2021, MBK Partners and Bain Capital invested 200 billion won each in K bank to become the second largest shareholders of the bank. In September 2022, K bank received approval for its initial public offering on the Korea Exchange Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. History The Korea Exchange was created through the integration of Ko ... although timing had not been determined yet. Services Since its l ...
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Korea Development Bank
Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. As a 61st biggest global bank (The Banker Top 1000 World Bank List in 2018), KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and provides capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a CIB (Commercial and Investment Bank). Nevertheless, it is a major restructuring player and has saved a lot of big companies during major financial crisis, especially in 1997 Asian financial crisis and Financial crisis of 2007–2008. Offices (as of December 2018) Domestic Branch : 69 locations in South Korea International Subsidiary (5) : China (Hon ...
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Standard Chartered Korea
Standard Chartered Korea (officially Standard Chartered Bank Korea Limited, formerly SC First Bank, Hangul: SC제일은행) is a banking and financial services company headquartered in Seoul, South Korea and a wholly owned subsidiary of Standard Chartered. It was created by the acquisition of the former Korea First Bank by Standard Chartered in 2005. History The bank started as Joseon Deposit Bank () in 1929. In may of 1950, it changed its name to Korea Deposit Bank (). In 1954, it made an acquisition of branches of the Korean Bank for Nurturing Industries (; a predecessor to Korea Development Bank). The bank was nationalized in 1961 by the military government. It became one of the 5 largest commercial banks in South Korea but it fell into financial trouble during the 1997 Asian financial crisis. It was acquired by Standard Chartered in 2005.https://encykorea.aks.ac.kr/Contents/CategoryNavi?category=field&keyword=%EA%B2%BD%EC%A0%9C%C2%B7%EC%82%B0%EC%97%85/%EA%B2%BD%EC%A0%9C&ridx=63 ...
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Shinhan Card
Shinhan Card Co. Ltd. is Korea's biggest, global top-five credit card company. Headquartered in Seoul, South Korea, the company has a partnership with Shinhan Capital, and is an affiliate of Shinhan Financial Group. Shinhan Card was established in 1990 as a technical and business company licensed by Shinhan Bank. It introduced the technology of sending virtual one-time card numbers in Visa's 3-D Secure first in the world for its customers' security. Brand Shinhan Card both issues credit card and check card and also operate under a BC Card license inherited from Chohung Bank. In the United States, most card readers will accept as Debit Mastercard Credit, all debit cards are using Credit Card transaction system. *Shinhan Card **Domestic Card; South Korean domestic transaction system only. Both Credit and Debit Card number starts with 9XXX. **Visa (includes domestic-only debit card) ***Visa Electron ** MasterCard ***Maestro ** JCB **URS (Domestic Credit Card only. JCB handles ...
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Nonghyup
The South Korean National Agricultural Cooperative Federation (initialized as NH (in Korean, derived from NongHyup) or NACF) was established in 1961 to enhance the social and economic status of its membership and to promote a balanced development of the national economy. Its role is divided into three areas: marketing and supply, banking and insurance, and extension services. Terminology Although literally referring to local member cooperatives, the term ''nonghyup'' is used by South Koreans to describe both a local cooperative (Korean:농협) and the NACF (Korean: 농협중앙회). History * 2012 - NACF restructured into a federation with two holding companies, to increase effectiveness and competitiveness * 2011 - Ranked ninth largest cooperative by the International Cooperative Alliance * 2011 - Opened NH Residential Hall to accommodate 500 students from farming households * 2011 - Launched 50th anniversary emblem and slogan * 2008 - Ranked third largest cooperative by the ...
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Jeju Bank
Jeju may refer to: * Jeju Island (Jejudo), an island near South Korea * Jeju Province (formerly transliterated Cheju), a province of South Korea comprising Jejudo **Jeju City, the biggest city on Jejudo **Jeju dog, a dog native to Jejudo **Jeju language, the Koreanic language spoken on Jejudo **Jeju people ** Jeju Black, a cattle breed from the island *Jeju Air, an airline operating from Jejudo * Jeju Bank, the subsidiary of Shinhan Bank * Jeju (woreda), one of the 180 ''woredas'' district in the Oromia Region of Ethiopia * Jeju Shinhwa World, a fully integrated South Korean resort located on Jeju Island * ''Hoplerythrinus unitaeniatus ''Hoplerythrinus unitaeniatus'' is a species of trahira (family Erythrinidae). It is a tropical, pelagic freshwater fish Freshwater fish are those that spend some or all of their lives in fresh water, such as rivers and lakes, with a salini ...'', an Amazonian fish known as jeju {{disambig, geo Language and nationality disambiguation pages< ...
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Kwangju Bank
Gwangju () is South Korea's sixth-largest metropolis. It is a designated metropolitan city under the direct control of the central government's Home Minister. The city was also the capital of South Jeolla Province until the provincial office moved to the southern village of Namak in Muan County in 2005 because Gwangju was promoted to a metropolitan city and was independent of South Jeolla province. Its name is composed of the words ''Gwang'' () meaning "light" and ''Ju'' () meaning "province". Gwangju was historically recorded as ''Muju'' (), in which "Silla merged all of the land to establish the provinces of Gwangju, Ungju, Jeonju, Muju and various counties, plus the southern boundary of Goguryeo and the ancient territories of Silla" in the ''Samguk Sagi.'' In the heart of the agricultural Jeolla region, the city is also famous for its rich and diverse cuisine. History The city was established in 57 BC. It was one of the administrative centers of Baekje during the Three K ...
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Kyongnam Bank
South Gyeongsang Province ( ko, 경상남도, translit=Gyeongsangnam-do, ) is a Administrative divisions of South Korea, province in the southeast of South Korea. The provincial capital is at Changwon. It is adjacent to the major metropolitan center and port of Busan. The UNESCO World Heritage Site Haeinsa, a Korean Buddhist temples, Buddhist temple that houses the ''Tripitaka Koreana'' and tourist attraction, is located in this province. Automobile and petrochemical factories are largely concentrated along the southern part of the province, extending from Ulsan through Busan, Changwon, and Jinju. Etymology The name derives ; . The name derives from the names of the principal cities of Gyeongju () and Sangju (). History Before 1895, the area corresponding to modern-day South Gyeongsang Province was part of Gyeongsang Province, one of the Eight Provinces of Korea during the Joseon dynastic kingdom. In 1895, southern Gyeongsang was replaced by the districts of Jinju in the west an ...
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