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Costco Korea's partnership with Hyundai Card to shift card industry

2019-05-28 4 Dailymotion

현대카드, 코스트코 품고 업계 3위로 도약하나…24일부터 결제<br /><br />The Korean unit of Costco,... with billions of dollars in sales a year,... has switched credit card companies as of last Friday.<br />No more Samsung Card Costco now takes only cash or Hyundai Card, which promises major changes to the local card industry.<br /> It's a move that affects more than a million local Costco members who shop at the company's 16 local warehouse stores.<br /> According to the Financial Supervisory Service, Costco posted sales last year of three-point-three billion U.S. dollars, ...and 70 percent of that was put on credit cards.<br />This 10-year deal is expected to help Hyundai Card grow its market share, … and maybe even overtake Samsung Card to move from fourth place to third. <br />

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