With this decision [South Korea before lower cervical financial newspaper reporter] yuguhyeon our card was reappointed President of finishing all eight credit card company CEO edge. This year the card industry is expected to be a difficult year in fees rose presidential downward pressure on card loans regulatory consolidation, interest rate hikes, such as identity card market. Half of the second term, half of which is the collection of interest if the issuer, each representative of the head is replaced this year to overcome the crisis and make a profit.
According to the 25th card industry, Samsung Card, Woori card, one card existing wongichan, yuguhyeon, dwaeteumyeo Jeong Sujin president of Shinhan Card was reappointed to head the imyoungjin president and sworn in as president before the wiseongho Bank. BC Card has climbed the Chae Jongjin vice president reappointed as a representative of my Seo Junhui the resignation default realization dwaeteuna two euros intimate as the new representative. Chaejeongbyeong representatives yeoteuna original term is the term to March 2018 came as a successor to the person gimchanggwon accredited representative, displaying the company. Samsung Card President wongichan term is until March 2020 yuguhyeon, Jeong Sujin President was decided one year terms. Yun Ungwon KB Kookmin Card, president of tenure becomes the end of this year, Hyundai Card Jeong Taeyoung vice Delgada fourteen weeks.
Everything merchant fee cuts, which closely watching in the card industry. Moon Jae, one after another, including two presidential candidates Lee Jaemyeong is offering merchant card fee reduction to ordinary policy. Candidate Moon Jae-in is a small merchant based on 200 million won to 300 million won, and small merchants are more than 500 million won from 300 million won and 500 million won annual sales by expanding merchant has pledged to progressively lowered to 1% of the preferential commission rate at 1.3%.
Card industry officials said, the gun sounds Eliminate credit card companies asked to cut an additional merchant fees or similar.
According to the Financial Supervisory Service (FSS), 8 credit card companies profit last year showed an increase of 9.9%. But look at the detailed industry by credit card companies to collect credit card payment fee revenue decreased wear and profit decreased to lower merchant fees aftermath.
In fact, the Financial Supervisory Service standards 1.7% Shinhan Card, while Samsung Card only benefit of eight credit card companies have increased Angular 12.5 percent to 322.7 billion won, KB Kookmin Card 11.8 percent, Hyundai Card 19% of our cards 21.9%, 99.2% One Card, Lotte Card 34 % BC card declined 30.1%. Samsung Card's assessment that the profit contribution to earnings growth as reflected in the four PG olaet disposal gains. All eight credit card companies will have a difficult bet money properly.
In particular it seems to be the shoulders of the newly inaugurated a new heavy representatives in a difficult situation.
The first is where the crisis on the BC card. As the Chinese tourists reduced by Saad retaliation UnionPay slips revenue that was purchased two weeks of BC Card is the right outlook will be affected. Chae Jongjin BC Card, president of the Union must be prepared, pay slips purchase fee reduction to be affected by Saad retaliation.
Shinhan Card imyoungjin lead the industry's No. 1 President shall provide the commission with the No. 1 defense cuts maintenance book. Last year, Shinhan Card pumped card loans grew by 11.1% over the previous year to 8 billion. But with the new building regulations for additional provisions for multi-use card loans borrower recklessly difficult to increase this year, card loans. In addition to new sources of revenue part of BC Card was selected as the exclusive dwaetjiman Union Pay journal buyer was BC card monopoly as prolonged Saad retaliation in China is urgently needed in the future revenue streams.
Lotte Card gimchanggwon president also provide by breakthrough to lead Lotte Card profits fell 34%. Gimchanggwon President, I will try to establish a unique identity Lotte Card "in his inaugural address, he said.
Reappointment is determined wongichan, yuguhyeon, seems to be a difficult year, let Jeong Sujin President.
Wongichan Samsung Card President shall uniquely yirwotjiman profit rose tow group negatives in Samsung Card and Samsung profits Future Strategy Department dissolution of the issuer. Samsung Card has tried a variety of new businesses such as Direct Insurance, Direct Auto. Should ensure new businesses can lead to profits.
Yuguhyeon, Jeong Sujin, president are all expected to focus on securing membership. One card Despite the benefit of the Financial Supervisory Service (FSS) based on 900 million won including tax profit growth was high. But the point is small compared to other credit card companies are members regarded as a weakness. KEB plans to secure the lead hagetdaneun Members to collaborate with one bank. Yuguhyeon president is also the position hagetdaneun focused on ensuring valid membership achieved last year.
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