20-Mar-18, Business Korea
Korea's card issuers are tapping into global markets as a way to counter the worsening business environment at home, including lower commission rates of affiliated stores. Lotte Card is entering the Vietnamese market, while KB Kookmin Card is seeking to push in the US.
%20Business%20Korea.jpeg "Will Koreas card issuers succeed in global markets (c) Business Korea")
Image: Business Korea
Domestic card companies are mainly targeting countries that have a high cash consumption rate, where consumers mostly spend cash, such as Vietnam, Laos and Thailand.