Major South Korean credit card companies have been releasing private label credit cards (PLCCs) to lure the MZ generation into becoming loyal customers.
Shinhan Card Co. is offering five PLCCs under partnerships with Swedish furniture giant IKEA, building material maker LG Hausys Ltd., and international hotel chain Marriott International Inc.
Meanwhile, Hyundai Card Co. will release a Naver-specific PLCC in the second half of this year after coming up with PLCCs last year in collaboration with Starbucks Korea and Korean Air Lines Co.
PLCCs are appealing to those who favor certain brands since they provide attractive benefits and specialized design through partnerships.
Joint marketing with their partners has proven to be a good way for credit card companies to attract new customers.
Hyundai Card's number of cardholders rose 34 percent to 9.07 million in the third quarter of last year from the 6.79 million recorded in late 2016.


BP Nears $10 Billion Castrol Stake Sale to Stonepeak
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs
Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness
BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 



