Card industry, card loans, fee reductions okjoegi 'yijunggo'

[Korea before lower cervical financial newspaper reporter] financial authorities are in the middle to add a new provisioning rules for multi-card industry took the debtor's emergency card using a card loans naohmyeonseo political commitment fees related to pouring undergoing yijunggo. Especially credit card companies to defend profit decreased to lower merchant fees on card loans last year and cost savings are expected to be difficult to find enough profits last year.

According to the financial authorities, and on the 23rd card industry, financial authorities define multiple debtors using more than one card loans loans to high-risk loans and credit card companies have established the rules for credit card companies will earn 30% of the additional provisions thereof. According to the Financial Supervisory Service (FSS) last year yiyongaek card loans grew 10% year-on-year to 38.6 trillion won. Looking at the past three years, growth in 2014 was 6.7%, 15.8% in 2015, showing a continued growth in the last year by 10%.

The industry is unfair position that the financial authorities of okjoegi card loans. Even card loans less the specific gravity is less substantial share of the burden of household debt to clear only the credit card companies is greater voice.

Card Industry insiders 'seems to be the only card loans card loans loans regulatory occupies about 4-5% in real debt' said 'if I prevent card loans to credit card companies no longer seem difficult to find the money' he said.

Another official said the card industry, card issuers would have to increase the card loans and grudgingly in order to get the issue of household debt to income '.

Card payment market but increase profitability has been deteriorating. According to the Financial Supervisory Service, credit card yiyongaek last year has increased by 11.4% over the previous year 596 Zorro (534.9 trillion won). Last year also gains traction and increase revenue and reduce procurement costs, greater cost savings yirwojin point of each credit card company.

In the cash market, the industry kkopneunda dig into the card payment market growing cause. Last year credit card companies active in the cash market have ventured dig real estate market rent, rental houses, apartments and administrative expenses to revenue excavation. Naesewoomyeo a cash back offers to turn the cash to card payments has raised the heat on customer acquisition. This is the industry's position does not return the card payment market natjiman increased commission rates are low.

Card Industry insiders' apartment management fee debit commission itself is small there is also a price to pay extra money brokers to the credit card company is small, he said.

Here citing the fold early election is the situation with the various card merchant fee cuts and pledges poured bill.

Moon Jae-presidential candidate has pledged to cut into small merchants and small merchants preferred a commission basis to 300 million won in annual sales 200 million won, 300 million won 500 million won commitments and 1% of annual sales 500 million won or less small merchants preferential commission rate at 1.3%, with strengthening in and it has put forward. Yijaemyeong candidate also said he would make a small business credit card fees below 1% commission introduced a ceiling on the card. Last year in July, bakjumin clinics, etc. certain size than the case of ₩ 10,000 or less a small card that occurs in small shops and taxi workers credit and debit, debit cards, professional Financial Business Act revision Goddess containing content that exempts merchant fees the initiative bill "is received on the current situation jurisdiction.

Card Industry official said, "go down more than the fee the same as last year, not to the kadeueop 'said' How much relieving the burden of the real card jilji sanggongin small fee cuts also questionable.



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