ShinhanCard, a credit finance company specializing in credit card and installment financing, etc., is poised to evolve into a life & finance company that serves the needs of customers in daily life by augmenting its current card business with digital, platform and data business capabilities.
ShinhanCard has been taking the lead in unlocking new possibilities of the future of card industry, underpinned by the industry’s widest customer base and unequaled service capability, since its merger with LG Card in 2007, and has transformed itself into a leading brand with highest awareness and utilization among customers.
-
STEP 01. Credit sale, short-term card loan (cash advance)
ShinhanCard is engaged in the business of the credit sale that finances the purchase of products and services in certain amount owed by individuals, corporations or public institutions and others, using the credit cards, within certain credit limits, along with the cash advance service that provides loans urgently in cash
ShinhanCard is proceeding relentlessly with development of specialized financial instruments that further set us apart from all the others based on customer segmentation and has been on track to build various customer loyalty programs successfully in tandem with the process that will take the CRM system to the next advanced level.
Along with that, ShinhanCard will further enhance its credit management system assuring accurate credit rating of customer and credit limit allocation to manage the risks more rigorously.
-
STEP 02. Installment finance service
ShinhanCard supports financing the purchase of products or services that customers cannot afford to pay for in lump sum. It offers a wide range of installment finance instruments that allow customers to repay in monthly installments. For that, ShinhanCard has affiliates operating country-wide distribution networks and approximately 10,000 affiliated franchisees, and provides differentiated financial services to excellent customers, such as preferential benefits when loans are extended.
-
STEP 03. Long-term card loan, mortgage refinancing
ShinhanCard is developing and operating an array of loan products for credit card members and ordinary customers. In addition, ShinhanCard is offering the mortgage refinancing commodities which splits existing liabilities over the long-term for customers who have difficulty with repayment of debts.
ShinhanCard will continue to develop various financial instruments that can meet the needs of customers in the period ahead as part of efforts to capture niche markets that have not been tapped into by other banks. Furthermore, ShinhanCard will minimize risks based on rigorous credit management
-
STEP 04. Lease Financing (automobile lease)
ShinhanCard offers Automobile Lease that allows customers to rent the type of cars, purchased on behalf of customer, at certain monthly rate for the desired period.
-
STEP 05. Platform & Data Business
ShinhanCard is expanding its reach into platform-based customized product/service intermediation business beyond current boundary of production and distribution of financial instruments by linking customers’ financial life and their routine activities based on the digital platform ‘Shinhan SOL pay’.
Additionally, ShinhanCard will continue to upgrade related business, such as big data consulting, data sale, etc. based on its differentiated big data capabilities, while identifying new business opportunities through the data such as MyData and sole proprietor credit assessment.