K-CASH is an

electronic money Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital cu ...

system established by 'Korea Financial Telecommunication and Clearings Institute'. K-CASH card is easily obtained from issuing bank. Several banks are issuing K-CASH card, including two credit card companies as of 2011. Users can load or unload value from their own account at bank counter, store, ATMs and online. Unlike other market dominant "transport cards", unloading K-CASH value to owner's account is done real-time, as a law only permits real-time transaction to electronic money, not to prepaid card. South Korean Army, and

Chuncheon Chuncheon (; ; formerly romanized as Chunchŏn; literally ''spring river'') is the capital of Gangwon Province in South Korea. The city lies in the north of the county, located in a basin formed by the Soyang River and Han River. There are some ...

Hoengseong Hoengseong County is a county in Gangwon Province, South Korea. The roots of ''Codonopsis lanceolata'' ( ko, deodeok, script=Latn), a bonnet bellflower species, play an important role in local agriculture. The Korean Minjok Leadership Academy, a ...

, Wonju buses adopt K-CASH as a major payment system. At first, K-CASH was mainly promoted as electronic fare collection system. Despite its advantage, such as bank guarantees its payment or real-time transaction, market dominant systems like T-money or

Mybi The Mybi card is a kind of contactless smartcard used in South Korea. This system was introduced in 2000 as a new fare collection system for the Busan area. now discontinued. see cashBee. Lotte started new name and united fare card. (eB card -> ...

/ Cashbee system drive it out of the market. As of November 2011, following cities and railroad systems are using K-CASH as their public transport fare collecting system.K-CASH 사용안내
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Issuing Bank

Issuers: Small Business Bank (select branches) - Nonghyup (Chuncheon, Wonju, Hwaseong) - Daegu Bank - Woori Bank (nationwide) - Shinhan Bank (nationwide) - SC First Bank (Chuncheon, Wonju, Hwaseong) - Cash IC cards with K-Cash function can be issued by Samsung Group employees, and employee cards issued by Samsung Card until August 2009 included K-Cash function, but it is currently not available. Banks that have K-Cash as standard on their cash IC cards and can be issued without additional fees and procedures include Shinhan Bank and Woori Bank, but Shinhan Bank requires you to select the Smart One debit card type, not the Smart One T-Money type, to receive K-Cash. KB Kookmin Bank issues K-Cash on some of its credit and debit cards.

Card issuers

Citibank Korea Citibank Korea ( ko, 한국씨티은행) is a South Korean subsidiary of Citigroup. Citibank Korea was named the worst bank in terms of consumer complaints, according to the Financial Supervisory Service (FSS) in 2015. History It was founded ...

(discontinued) * Daegu Bank: Andong (discontinued) * Hana Bank: Chuncheon, Wonju (discontinued) *

Industrial Bank of Korea Industrial Bank of Korea (IBK; ) is a state-owned bank headquartered in Jung-gu, Seoul, South Korea. Under the Industrial Bank of Korea Act, IBK was established to promote small and medium-sized businesses and improve their economic status by p ...

(discontinued) *

Kookmin Bank Kookmin Bank or KB Kookmin Bank () is among four of the largest banks ranked by asset value in South Korea, as of the end of March 2014. It is the largest among banks in Korea and the 60th largest in the world as of 2017. History The current KB ...

/ Kookmin Card (discontinued) *

Samsung Card Samsung Card Co, Ltd. (Hangul: 삼성카드) is a South Korean credit card company. Samsung Card was established in 1988 as a technical and business company licensed by Samsung Electronics. Headquartered in Seoul, South Korea, Samsung Card merged ...

(discontinued) * Standard Chartered Korea: Chuncheon, Hoengseong, Wonju * Shinhan Bank/ Shinhan Card: all branches (discontinued) * Woori Bank: all branches, including Kaesong Industrial Zone (discontinued)

References

External links

* Korean''
Official homepage
* English''
KFTC homepage
{{bank-stub Contactless smart cards Fare collection systems in South Korea Financial services companies of South Korea Payment systems