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.


Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 



