Rolling out a private label credit card (PLCC) is becoming a popular marketing strategy for companies trying to attract loyal customers.
Korea's consumer sentiment hit a 14-month high in March, recovering to pre-Covid-19 levels.
Credit card balances hit a record high in 2020, with a total of 32 trillion won ($28.5 billion) of such credit extended in the country.
Credit card payments fell for the first time in 16 years as people reduced spending due to the coronavirus pandemic.
Toss Bank may get into the credit card business, according to unconfirmed press reports.
Payments made with cards in Korea grew more than 5 percent in October amid the new coronavirus outbreak, industry data showed Wednesday.
Credit card payments by visitors to Jeju Island reached an all-time high in 2019, with domestic travelers and individual Chinese tourists driving the rebound.
Major credit card companies are rolling out new products outside traditional payment services in an attempt to compete with big tech firms entering the financial services sector.
Hyundai Card has partnered with car sharing service Socar to launch a branded credit card Thursday.
Senior citizens are going digital, and fast. They no longer rely so much on hardcover books or brick-and-mortar theaters. Instead, they are making more transactions on Netflix and reading more Kindle books, according to Hyundai Card.