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Timeline

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  • 2015
  • 01.06Became affiliated with UNGC for the first time in the industry.
  • 2014
  • 12.10Awarded the first-place in the area of Credit Card in terms of NCSI (National Customer Satisfaction Index) for 7 years in a row.
    11.19Signed the agreement for a business tie-up in Kid's Happiness Card.
    09.16Signed MOU with Mandiri Bank in Indonesia for the establishment of 'joint venture company for credit card processing'.
    08.14The amount of purchase by credit cards per month reached 13 trillion KRW for the first time in the industry.
    06.26The number of the issued BC global cards exceeded 5 million.
    04.24Selected as excellent call centers in Korea by KSQI for 4 years in a row.
    03.31The number of members for Oh! Point reached 6 million.
    03.25Appointed Seo, Jun-hui as CEO.
    03.19BC Mobile Platform was selected as < The 2014 CARTES Asian SESAME Awards> Winner
    01.14Published a book for all about mobile payment for the first time in Korea
  • 2013
  • 11.20The number of issued mobile cards and the number of members of "Oh! Point" exceeded 1 million and 3 million respectively.
    11.18Awarded the certificate of commendation by President for eco-friendly management including BC Green Card.
    10.11Contracted a agreement ceremony for issuing check cards of Hyundai Department Store.
    07.09Launched the consulting services and specialized education about credit cards.
    06.30Officially certified to be the most issued cards in the shortest period of time in Korea, with the number of issued BC Cards exceeding 6 million.
    04.01Started a business related to credit cards issued by Jeju Bank.
    03.29Released "Oh! Point", the new concept service based on points.
    02.21Released "SH Green Credit Card", the first associated card with SH Suhyup (National Federation of Fisheries Cooperatives) Bank.
  • 2012
  • 12.18Ranked 1st in credit card for 5 consecutive years by NCSI (National Customer Satisfaction Index) in 2012.
    11.21The number of issued BC Green Card exceeded 4 million.
    10.30The number of issued BC Global Cards exceeded 2 million.
    09.14Contracted a signing ceremony for establishing the infrastructure of payment by mobile cards at the traditional market in Cheongju.
    09.10Released the mobile pre-paid card, the first of its kind in Korea.
    05.24Contracted a agreement ceremony for a business tie-up with SH Suhyup Bank.
    05.22Started Paperless (no receipt) system in credit card, the first of its kind in Korea.
    04.20Appointed 'Spotted Seal' of BC Green Card as the ambassador for promotion by Ministry of Environment.
    04.07Celebrated the 30th anniversary of BC Card.
    02.23Had a ceremony for procuring Clean BC ethical management.
    01.31No. of issued BC Global Cards (local proprietary card without international fee) reaches 1 million
    BC Global Card without international fees exceeded 1 million issues No. of BC Global Cards, which can be used in foreign countries without additional international fees, exceeded 1 million. “BC Global Card” launched last April can be used in and outside Korea without international brands (Visa, Master, JCB, etc.) and has been welcomed by many customers due to its comparatively lower annual membership fee (2,000 won) and no international fee policy, a 1% fee collected by international brands for every overseas purchase. In case of on-line shopping malls in the US, while some locally-issued international brand cards are not accepted, BC Global Card is available at major foreign on-line shopping malls popular in Korea, earning its nickname as “Direct Specialized Card” among manias. In fact, the percentage of foreign e-commerce volume out of all overseas sales volume for VISA and Master cards was 25% but that of BC Global Card was found to be 60%.
  • 2011
  • 10.21No-Pin Transaction Opening Ceremony for China UnionPay Credit Card
    No-Pin Transaction Opening Ceremony for China UnionPay Credit Card BC Card held an opening ceremony to commemorate the acceptance of China Union Pay(CUP) credit cards in all BC Card merchants. CEO of BC Card Jong Ho Lee, Chariman of CUP SunYing and Vice Presdient of Korea Tourism Corp. Jung Bo Sim were present in the ceremony. As for CUP, it is the only card company in China and has issued more than 2.5 billion cards. Although most Chinese prefer CUP cards to international cards due to its comparatively lower fees, this card has not been widely accepted in Korea because of its pin policy. Only those merchants who have had separte agreements with BC Card and CUP and have installed the pin-pad could accept these CUP cards. In the ceremony, both companies have agreed to solve this inconvenience by developing the system so that CUP cardholders who use their card in BC merchant don't have to punch in their PIN during transaction. An official in BC Card mentioend "The fact that CUP cards can be used in every merchant in Korea will contribute to an increase in Chinese tourists' visits and consumption. It will also singficiantly increase merchants' sales." Both companies revealed that after the ceremony, both companies will focus on marketing & promotion activities targeting the CUP members and BC Card merchants in Korea and China.
    05.04BC Card appointed as the lead operator and issuer of Green Card by the Ministry of Environment
    BC Card appointed as the lead operator and issuer of Green Card by the Ministry of Environment BC Card made agreements with the Ministry of Environment and 27 participating companies at Seoul Renaissance Hotel on 4th as the lead operator and issuer of Green Card and announced to release Green Card from the early 2nd half of this year. Green Card of the Ministry of Environment is a green card product which combines green life practices of people with credit card points. Green Card accumulates
    ▲ carbon points which are provided when a consumer saves energy (provided by the Ministry of Environment and local governments)
    ▲ reward points when cards are used in mass transportation
    ▲ points when a cardholder purchases at member merchants, and all these points are saved as “Eco Money.” Accumulated points may be used like cash. Also the discount services may be provided when cardholder uses facilities such as sports/ culture/ parking operated by public agencies or local governments. BC Card was appointed as the lead operator and issuer of Ministry of Environment Green Card last April 18 (KB card participated as an issuer) and is to take charge of constructing the required infrastructure to operate Green Card and issue Green Card through member banks. An official of BC Card “The Company is really happy to be participating as the primary manager and issuer and will use its utmost effort to construct the necessary infrastructure.”
    04.05Release of the First Local Proprietary Brand with Global Acceptance – BC Global Card
    Release of the First Local Proprietary Brand with Global Acceptance – BC Global Card BC Card has released ‘BC Global Card’, a local proprietary card brand with international acceptance, and will begin issuing through client banks on April 5th.
    BC Global Card is the first local proprietary brand in South Korea, allowing cardholders to use their credit cards abroad without paying service fees to international network brands such as Visa and Master Card. This brand attracts customers with two unique fortes, one that it does not charge the cardholder with a 1% International Service Assessment Fee (ISA fee) for overseas card use, and second being that this card requires an annual fee of 2,000 won, equivalent to that of domestic use-only cards.
    Global Card is currently available in Industrial Bank of Korea (IBK), SC First Bank, Daegu Bank, Busan Bank, and Kyengnam Bank. Other client banks including Woori Bank will start issuing mid-April.
    Customers can apply for BC Global Card by requesting BC Global brand on the existing card product. The cardholder can enjoy BC Global Card’s specialized benefits as well as existing value-added services applied to the original card product.
    BC Global Card provides services through America’s Discover, Japan’s JCB, China’s China UnionPay and Diners Club merchants and ATM network. As of this day, BC Global Card can be used in 103 countries all over the world including the US, China, Japan, Australia, England, Hong Kong, Thailand, Taiwan, etc. The next step for BC Global Card is to develop an alliance network around the globe and continue expanding its international acceptance.
    03.29Lee Jong Ho inaugurated as the new CEO of BC Card
    Lee Jong Ho inaugurated as the new CEO of BC Card Lee Jong Ho, new CEO of BC Card, said in his inauguration address on Tuesday Mar. 29 that he will focus on building a sincere partnership with client banks by clarifying BC Card’s identity. Lee Jong Ho was appointed as the new chief executive officer for the three-year term in the general shareholder’s meeting. He mentioned that the payment business environment is rapidly changing; characterized by continuing demand for decrease in merchant discount rate by merchants, re-establishment of BC Card’s identity based on member banks’ separation movement from BC Card, and the advent of new payment process driven by the convergence between telecommunication and finance. Coping with those changes, he stressed that he will achieve sustainable growth by creating services based on BC Card’s vast merchant network and infrastructure, convergence between telecommunications and finance, and interactive communication between BC and its cardholders. Future BC business will focus on ►securing its comparative advantage in the acquiring business, ►promoting new convergence business, and ►advancing global business.
    03.03BC Card advanced the foreign card processing market (Indonesia)
    BC Card advanced the foreign card processing market (Indonesia) BC Card has signed a partnership agreement with PT. Artajasa to develop a card processing business in Indonesia. The signing ceremony was attended by the heads of BC Card and protection. Artajasa. protection. Artajasa is the largest ATM switching company in Indonesia, providing ATM network services to 76 client banks.
    This agreement is a crucial leap for BC Card and the Korean payment industry, which has not had a significant breakthrough in exporting its world-class payment technology. BC Card has been providing end-to-end processing services for their member banks since its establishment in 1982. Based on 29 years of experience and know-how, BC plans to boost its global business in countries with less developed payment infrastructure.
    01.26Signed an agreement of promoting green consumption
    Signed an agreement of promoting green consumption Korea Environmental Industry and Technology Institute and BC Card held a signing ceremony to commemorate the issuance of Seoul City's eco-friendly mileage card "Eco-Mileage card" and to promote the use of green products and green lifestyle. Korea Environmental Industry and Technology Institute will provide certification of eco-friendly products using eco-mark and carbon labeling and also designate eco-friendly merchants so that cardholders can earn additional points when a 'Eco-Mileage' cardholder purchases green products at one of the listed merchants. For this, both parties will strive to build diverse policies and promotion programs such as building Green-POS system that can automatically read eco-friendly products in the merchant to induce 'Eco-Mileage' card use.