(New Year’s Message) Joo-Hyun Kim, Chairman of the Credit Finance Association, “Card company should develop into a comprehensive financial industry

[뉴스토마토 김응태 기자] Joo-Hyun Kim, President of Korea Credit Finance Association “When it is time to show the market that it can develop into a new form of comprehensive financial industry beyond the traditional credit card industry“Emphasized.

Chairman Kim 31In one new year’s address “Government My Data, Following the participation in the card industry in open banking, it was decided to allow the entry of credit card companies in the comprehensive payment and settlement industry.“And “Big Tech·We must go more innovative than fintech“Said.

The importance of digital transformation was also expressed.. he is “Specific and various issues will be raised in the process of digital conversion of card companies in the future.“Saying “Through various digital finance consultation channels such as the mobile council, we will make various efforts, such as discussing future problems and institutional improvement plans.“Said.

Concerns were expressed about the recalculation of merchant fees.. Chairman Kim “Due to rate cuts over the past several years, the level of fees for credit card merchants in Korea is not high internationally., Low compared to other various fees borne by small business owners“And “We will actively consult with the authorities so that reasonable cost can be calculated.“I explained.

He is “Improvements in various systems related to financial consumer protection and reduction of the legal maximum interest rate are still expected to have a significant impact on the management of the industry.“Altitude looked.

Regarding Capital Up, “Supporting efforts to secure new sources of revenue in various ways,, We will make sure that risk management in preparation for business uncertainty can be performed reasonably.“Emphasized. Also, the new technology finance business “Actively support new technology finance companies to be selected as fund managers through meetings with fund management institutions.“Promised.

Finally, he emphasized the importance of consumer protection.. Chairman Kim “We will create an environment for safe use of credit card payment infrastructure, such as using a virtual card number when purchasing goods overseas.“And “In addition Establish an effective fraud response network through close cooperation with the Financial Security Administration and international brands.“Said.

Reporter Kim Eung-tae [email protected]

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