Latest news with #HyundaiCard
Korea Herald
a day ago
- Business
- Korea Herald
iPhones now work for transit rides in Korea
iPhone users in South Korea can now use their devices to pay fares on public transportation, as Apple Pay began supporting Tmoney's prepaid transit card feature on Tuesday. By adding a Tmoney card to the "transit cards" section in Apple Wallet, users can tap to pay with their iPhone or Apple Watch to ride buses and the subway. Until now, iPhone users could not make contactless payments with their phones without a separate device or a physical credit card. Currently, only prepaid Tmoney cards are supported. Other options — such as postpaid cards, pre-loaded commuter passes and government-subsidized cards like the Climate Card or K-Pass — are not yet compatible. Users can top up their balance through the Tmoney app or Apple Wallet using a credit card, but only for Hyundai Card holders. Hyundai Card is currently the only card issuer in Korea that supports Apple Pay. An automatic top-up feature — replenishing the balance when it falls below a preset amount — has also been introduced for the first time globally. To use tagless payments without unlocking the device, 'Express Mode' must be enabled. The feature is available on iPhones running iOS 17.2 or later — standard on iPhone XS, XR and newer devices — and Apple Watches with watchOS 10.2 or later, including the Apple Watch Series 6, SE (2nd generation) and newer models. Tmoney emphasized that the service maintains Apple's standard security protocols. 'Apple Pay Tmoney benefits from the robust security and privacy features built into iPhone and Apple Watch,' the company said in a statement, adding that transit card information is neither stored on Apple's servers nor shared with the company. 'South Korea boasts one of the world's most advanced public transportation systems,' said Jennifer Bailey, vice president of Apple Pay and Apple Wallet. 'Our users can now access it nationwide through simple, secure payments.' The addition of public transit payments is expected to strengthen Apple Pay's foothold in Korea. Since launching in March 2023 through an exclusive partnership with Hyundai Card, the service has seen sluggish adoption due to limited acceptance at retail locations and relatively high commission fees.
Korea Herald
10-07-2025
- Business
- Korea Herald
Hyundai Card names sales chief as new CEO
Hyundai Card, the credit card unit of Hyundai Motor Group, has nominated Cho Chang-hyun, head of card sales operations, as its next CEO. The company's executive nomination committee selected Cho as the sole candidate on Wednesday, with final approval to be made at an upcoming shareholders meeting. Once confirmed, he will lead the firm alongside Vice Chairman and co-CEO Chung Tae-young. Cho joined Hyundai Card in 2004 and has since held leadership roles across key divisions including marketing, product planning and sales. He became an executive in 2016 and has overseen a wide range of operations, from the company's two flagship products — General-Purpose Credit Card and Private Label Credit Card — to the finance and corporate business divisions. He currently leads the card sales operations division. 'Cho has demonstrated strong capabilities in managing strategy from planning through execution, and has shown balanced leadership in achieving sales targets while effectively controlling risk,' the company said in a disclosure. 'We believe he is the right person to deliver strong results amid an increasingly competitive financial landscape by identifying future business opportunities, expanding customer touchpoints and enhancing service competitiveness.' His deep expertise in the PLCC business was a key factor in his nomination, amid growing pressure on the segment. Cho is set to replace current CEO Kim Deok-hwan, who offered to resign before the end of his term in March 2026. Industry reports have linked Kim's early departure to instability in the company's PLCC business. Hyundai Card has positioned itself as a leading player in the PLCC sector, which not only fosters customer loyalty but also enables the company to build valuable data assets — an area it has increasingly prioritized. However, the business faces growing uncertainty. Hyundai Card's exclusive six-year PLCC partnership with Starbucks Korea — one of its flagship partners — is set to expire later this year. The coffee chain is reportedly exploring alternative partners, raising the risk of a high-profile loss for the card issuer. To navigate these challenges, the company is turning to Cho, a seasoned PLCC strategist it credits with having driven the business' advancement. Under his leadership, Hyundai Card expanded its PLCC partner network across nearly 20 sectors and maintained steady growth, reinforcing the firm's broader push into data science collaboration.
Associated Press
02-06-2025
- Business
- Associated Press
Hyundai Card Becomes First in Asia to Achieve UL Solutions Healthy Building Verifications for Cultural and Leisure Facilities
NORTHBROOK, Ill.--(BUSINESS WIRE)--Jun 1, 2025-- UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced that four properties operated by Hyundai Card, a leading South Korean credit card company and a subsidiary of the Hyundai Motor Group, have become the first cultural and leisure buildings in Asia to receive UL Verified Healthy Building Marks, demonstrating a commitment to creating healthier and more sustainable indoor environments for employees and guests. This press release features multimedia. View the full release here: UL Solutions and Hyundai Card leadership pictured here left to right: Yun Chung, Korea Regional Managing Director of UL Solutions; Sean McCrady Vice President and General Manager, Enterprise Sustainability, UL Solutions; Byeongku Jeon, President, Head of Corporate Management Unit of Hyundai Card; and Myungho Kim, Senior Manager, Head of Corporate Culture, Hyundai Card. The unique Hyundai Card structures, all located in Seoul, that received Healthy Building verifications from UL Solutions include the Cooking Library, which contains thousands of cookbooks, multiple restaurants and spaces for cooking classes; the Music Library, home to a vast collection of music and publications, a concert venue and music studio; Vinyl & Plastic, containing over 10,000 vinyl records from around the world; and Iron & Wood, a high-tech training facility for golf enthusiasts. 'Operating cultural and leisure facilities inside healthy buildings that prioritize the well-being of both visitors and staff helps foster a positive atmosphere while enhancing learning and enjoyment,' said Sean McCrady, vice president and general manager of the Enterprise Sustainability group at UL Solutions. 'Hyundai Card's achievement as the first in Asia to earn UL Verified Healthy Building Marks for its cultural and leisure properties demonstrates a clear commitment to the health and comfort of guests and employees. We at UL Solutions value their trust in our work to help them realize this important milestone.' UL Solutions developed the UL Verified Healthy Building Mark to meet the growing demand for healthier indoor spaces. The program helps communicate a positive message, differentiating indoor spaces with verified occupant health and well-being marketing claims. By addressing the unique challenges of indoor environments, the verification program promotes continual improvement and provides visibility into potential challenges, allowing early mitigation through practical solutions. For Hyundai Card facilities to earn a UL Verified Healthy Building Mark, UL Solutions assessed them against rigorous evaluation, testing and analysis methodologies by industry-recognized, third-party organizations, such as the United States Environmental Protection Agency (EPA), World Health Organization (WHO) and American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE). Both the Music Library and Vinyl & Plastic received the UL Verified Healthy Building Mark for Indoor Air and Water, which verifies the buildings for indoor air quality (IAQ) and water quality. To earn this achievement, the two buildings underwent an evaluation of their heating, ventilation and air conditioning (HVAC) systems and were also assessed for waterborne pathogens and contaminants to help verify water quality. The Cooking Library and Iron & Wood both achieved the UL Verified Healthy Building Mark for Indoor Environment. The most holistic look at a building's indoor environment within the UL Solutions Verified Healthy Building program, the UL Verified Healthy Building Mark for Indoor Environment conveys these buildings have achieved performance in five critical areas of assessment, including air, water, hygiene, light and acoustics. 'The UL Healthy Building Verifications at four of our iconic Hyundai Card facilities underscore our commitment to health and safety and help build confidence and trust among our employees and our guests who visit these buildings for world-class music, food and leisure experiences,' said a Hyundai Card representative. 'We are excited to have worked with UL Solutions to help us demonstrate how we have actively addressed potential indoor environment risks to help improve overall health.' As part of this proactive effort, UL Solutions also conducted evaluations in three office buildings at Hyundai Card's headquarters in Seoul and confirmed the indoor air quality of these spaces for employees. Learn more about the UL Solutions Services for Healthy Buildings. About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, software products, and advisory offerings that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. View source version on CONTACT: Media: Tyler Khan UL Solutions [email protected] T: +1 (847) 664.2139Steven Brewster UL Solutions [email protected] T: +1 (847) 664.8425 KEYWORD: ILLINOIS SOUTH KOREA UNITED STATES NORTH AMERICA ASIA PACIFIC INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SUSTAINABILITY TECHNOLOGY FINANCE BANKING GENERAL ENTERTAINMENT PROFESSIONAL SERVICES GENERAL HEALTH ENVIRONMENT GENERAL AUTOMOTIVE PAYMENTS AUTOMOTIVE ENTERTAINMENT HEALTH SOURCE: UL Solutions Inc Copyright Business Wire 2025. PUB: 06/01/2025 07:00 PM/DISC: 06/01/2025 06:58 PM
Yahoo
01-06-2025
- Business
- Yahoo
Hyundai Card Becomes First in Asia to Achieve UL Solutions Healthy Building Verifications for Cultural and Leisure Facilities
Four iconic Hyundai Card structures earn the UL Verified Healthy Building Mark, demonstrating Hyundai Card's commitment to creating healthier and more sustainable indoor environments for employees and guests. NORTHBROOK, Ill., June 01, 2025--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced that four properties operated by Hyundai Card, a leading South Korean credit card company and a subsidiary of the Hyundai Motor Group, have become the first cultural and leisure buildings in Asia to receive UL Verified Healthy Building Marks, demonstrating a commitment to creating healthier and more sustainable indoor environments for employees and guests. The unique Hyundai Card structures, all located in Seoul, that received Healthy Building verifications from UL Solutions include the Cooking Library, which contains thousands of cookbooks, multiple restaurants and spaces for cooking classes; the Music Library, home to a vast collection of music and publications, a concert venue and music studio; Vinyl & Plastic, containing over 10,000 vinyl records from around the world; and Iron & Wood, a high-tech training facility for golf enthusiasts. "Operating cultural and leisure facilities inside healthy buildings that prioritize the well-being of both visitors and staff helps foster a positive atmosphere while enhancing learning and enjoyment," said Sean McCrady, vice president and general manager of the Enterprise Sustainability group at UL Solutions. "Hyundai Card's achievement as the first in Asia to earn UL Verified Healthy Building Marks for its cultural and leisure properties demonstrates a clear commitment to the health and comfort of guests and employees. We at UL Solutions value their trust in our work to help them realize this important milestone." UL Solutions developed the UL Verified Healthy Building Mark to meet the growing demand for healthier indoor spaces. The program helps communicate a positive message, differentiating indoor spaces with verified occupant health and well-being marketing claims. By addressing the unique challenges of indoor environments, the verification program promotes continual improvement and provides visibility into potential challenges, allowing early mitigation through practical solutions. For Hyundai Card facilities to earn a UL Verified Healthy Building Mark, UL Solutions assessed them against rigorous evaluation, testing and analysis methodologies by industry-recognized, third-party organizations, such as the United States Environmental Protection Agency (EPA), World Health Organization (WHO) and American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE). Both the Music Library and Vinyl & Plastic received the UL Verified Healthy Building Mark for Indoor Air and Water, which verifies the buildings for indoor air quality (IAQ) and water quality. To earn this achievement, the two buildings underwent an evaluation of their heating, ventilation and air conditioning (HVAC) systems and were also assessed for waterborne pathogens and contaminants to help verify water quality. The Cooking Library and Iron & Wood both achieved the UL Verified Healthy Building Mark for Indoor Environment. The most holistic look at a building's indoor environment within the UL Solutions Verified Healthy Building program, the UL Verified Healthy Building Mark for Indoor Environment conveys these buildings have achieved performance in five critical areas of assessment, including air, water, hygiene, light and acoustics. "The UL Healthy Building Verifications at four of our iconic Hyundai Card facilities underscore our commitment to health and safety and help build confidence and trust among our employees and our guests who visit these buildings for world-class music, food and leisure experiences," said a Hyundai Card representative. "We are excited to have worked with UL Solutions to help us demonstrate how we have actively addressed potential indoor environment risks to help improve overall health." As part of this proactive effort, UL Solutions also conducted evaluations in three office buildings at Hyundai Card's headquarters in Seoul and confirmed the indoor air quality of these spaces for employees. Learn more about the UL Solutions Services for Healthy Buildings. About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, software products, and advisory offerings that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. View source version on Contacts Media: Tyler KhanUL SolutionsULNews@ T: +1 (847) 664.2139 Steven BrewsterUL SolutionsULNews@ T: +1 (847) 664.8425
Yahoo
01-06-2025
- Business
- Yahoo
Hyundai Card Becomes First in Asia to Achieve UL Solutions Healthy Building Verifications for Cultural and Leisure Facilities
Four iconic Hyundai Card structures earn the UL Verified Healthy Building Mark, demonstrating Hyundai Card's commitment to creating healthier and more sustainable indoor environments for employees and guests. NORTHBROOK, Ill., June 01, 2025--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced that four properties operated by Hyundai Card, a leading South Korean credit card company and a subsidiary of the Hyundai Motor Group, have become the first cultural and leisure buildings in Asia to receive UL Verified Healthy Building Marks, demonstrating a commitment to creating healthier and more sustainable indoor environments for employees and guests. The unique Hyundai Card structures, all located in Seoul, that received Healthy Building verifications from UL Solutions include the Cooking Library, which contains thousands of cookbooks, multiple restaurants and spaces for cooking classes; the Music Library, home to a vast collection of music and publications, a concert venue and music studio; Vinyl & Plastic, containing over 10,000 vinyl records from around the world; and Iron & Wood, a high-tech training facility for golf enthusiasts. "Operating cultural and leisure facilities inside healthy buildings that prioritize the well-being of both visitors and staff helps foster a positive atmosphere while enhancing learning and enjoyment," said Sean McCrady, vice president and general manager of the Enterprise Sustainability group at UL Solutions. "Hyundai Card's achievement as the first in Asia to earn UL Verified Healthy Building Marks for its cultural and leisure properties demonstrates a clear commitment to the health and comfort of guests and employees. We at UL Solutions value their trust in our work to help them realize this important milestone." UL Solutions developed the UL Verified Healthy Building Mark to meet the growing demand for healthier indoor spaces. The program helps communicate a positive message, differentiating indoor spaces with verified occupant health and well-being marketing claims. By addressing the unique challenges of indoor environments, the verification program promotes continual improvement and provides visibility into potential challenges, allowing early mitigation through practical solutions. For Hyundai Card facilities to earn a UL Verified Healthy Building Mark, UL Solutions assessed them against rigorous evaluation, testing and analysis methodologies by industry-recognized, third-party organizations, such as the United States Environmental Protection Agency (EPA), World Health Organization (WHO) and American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE). Both the Music Library and Vinyl & Plastic received the UL Verified Healthy Building Mark for Indoor Air and Water, which verifies the buildings for indoor air quality (IAQ) and water quality. To earn this achievement, the two buildings underwent an evaluation of their heating, ventilation and air conditioning (HVAC) systems and were also assessed for waterborne pathogens and contaminants to help verify water quality. The Cooking Library and Iron & Wood both achieved the UL Verified Healthy Building Mark for Indoor Environment. The most holistic look at a building's indoor environment within the UL Solutions Verified Healthy Building program, the UL Verified Healthy Building Mark for Indoor Environment conveys these buildings have achieved performance in five critical areas of assessment, including air, water, hygiene, light and acoustics. "The UL Healthy Building Verifications at four of our iconic Hyundai Card facilities underscore our commitment to health and safety and help build confidence and trust among our employees and our guests who visit these buildings for world-class music, food and leisure experiences," said a Hyundai Card representative. "We are excited to have worked with UL Solutions to help us demonstrate how we have actively addressed potential indoor environment risks to help improve overall health." As part of this proactive effort, UL Solutions also conducted evaluations in three office buildings at Hyundai Card's headquarters in Seoul and confirmed the indoor air quality of these spaces for employees. Learn more about the UL Solutions Services for Healthy Buildings. About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, software products, and advisory offerings that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. View source version on Contacts Media: Tyler KhanUL SolutionsULNews@ T: +1 (847) 664.2139 Steven BrewsterUL SolutionsULNews@ T: +1 (847) 664.8425 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
