SKT Light Installment KB Kookmin Card

 KT Super Installment KB Kookmin Card

KB Kookmin Card recently introduced three types of credit cards that can be used when purchasing communication equipment, and can give buyers a number of benefits including installment payments and discounts.

These cards, “SKT Light Installment KB Kookmin Card”; “KT Super Installment KB Kookmin Card”; and “LG U+ Light Installment KB Kookmin Card” can get discounts on the monthly installment payments to cardholders depending on how much their smartphones were used in the preceding month after purchasing them on an installment payment.

The SKT Light Installment KB Kookmin Card, and the LG U+Light Installment KB Kookmin Card can get discounts on the monthly installment payments for cardholders depending on how much their smartphones were used in the preceding month. 

For example, if a phone bills exceed 300,000 won, the discounts will be around 11,000 won; for more than 700,000 won, the discounts will rise to 15,000 won; if charges exceed 1 million won, discount will run to 17,000 won. They will be subtracted from the monthly installment payments for the month.

For those who don’t have any more installments to pay and those who do not purchase communication equipment on an installment payment, if their phone bill exceeds 300,000 won, they will get a 3,000 won discount on their phone bills; if a bills exceeds 700,000 won, they will get 5,000 won off their phone bill; and if a phone bill exceeds 1 million won, the discount will be 17,000 won.

The KT Super Installment KB Kookmin Card gives a discount of 10,000 won if phone bills for the phones they bought on installment plans exceed more than 300,000 won for the preceding month; if a phone bill exceeds 700,000 won, the discount will be 15,000 won. 

For those phone users who paid up their installment payments for their phones purchased on an installment plan and for those who did not buy their smartphones on an installment payment, they will give 5,000 won discount on their phone bills exceeding 300,000 won in the preceding month.

The charges on an installment payment extending for 18 months and 24 months will be 5.9 percent per year, while for installment periods exceeding 36 months, the fees will amount to 7 percent annually.

The annual fees for K-World that can be used at member shops of UnionPay or JOB overseas are 12,000 won per year and for those cards that can be used both in Korea and abroad (Visa/MasterCard) is 17,000 won per annum.

One can apply for those cards at the home page of KB Kookmin Card (www.kbcard.com); through a mobile application; the KB Kookmin Card Customer Center; or by calling the Customer Center at 1577-9900 or 080-860-1688. 

UnionPay has joined hands with another card issuer in South Korea following BC Card and Lotte Card. On Sept. 24, UnionPay together with KB Kookmin Card Co., Ltd. declared in Seoul their joint issuance of UnionPay credit cards (with card number starting with “62” and “UnionPay” logo on the card face) equipped with PBOC2.0 standard chips to provide Korean residents more choices for daily payment and overseas card use.

At present, 2.8 million UnionPay cards have been issued in South Korea, the biggest number among any other foreign counties. Various types of UnionPay cards are available in South Korea, including debit, credit and prepaid cards with various functions. UnionPay cards issued this year with cooperative institutions in South Korean are generally IC cards equipped with PBOC2.0 standard chips. 

This is an important step UnionPay takes in promoting the use of IC cards. UnionPay cardholders in South Korea can not only use their UnionPay cards conveniently in the global acceptance network but also enjoy safer and better functions of IC cards.