Shinhan Bank Signs Strategic Business Agreement with Lotte Duty Free

Various Events Including Lotte Duty Free Discount Coupons for New Currency Exchange and Foreign Currency Savings Customers
Expecting a New Financial Experience Through Diverse Business Partnerships Between Banks and Duty-Free Shops

At the business agreement ceremony held on the 25th at the Lotte Duty Free Main Store in Myeongdong, Jung-gu, Seoul, Kim Min-su, Head of Foreign Exchange Department at Shinhan Bank (right), is taking a commemorative photo with Lee Sang-jin, Head of Marketing Division at Lotte Duty Free.

[Asia Economy Reporter Song Hwajeong] Shinhan Bank announced on the 26th that it has signed a 'strategic business agreement' with Lotte Duty Free to provide various benefits to customers preparing for overseas travel.

The signing ceremony was attended by Kim Minsu, Head of Foreign Exchange Division at Shinhan Bank, and Lee Sangjin, Head of Marketing Division at Lotte Duty Free. The two companies plan to jointly conduct various promotions and events targeting domestic customers and tourists in preparation for the recovery of post-COVID travel demand.

Through this business agreement, Shinhan Bank will offer preferential exchange rates to customers using Lotte Duty Free's online and offline channels, and customers who subscribe to the Someday foreign currency savings account will receive discount coupons for Lotte Internet Duty Free along with an upgrade in their Lotte Membership tier.

Additionally, starting in May, Shinhan Bank will provide foreign customers visiting the airport exchange booths and local branches of its Japanese local subsidiary, SBJ Bank, with exchange rate discount coupons usable in Korea and discount coupons (up to $22) redeemable at Lotte downtown duty-free stores.

Shinhan Bank and Lotte Duty Free plan to support promotions utilizing both companies' big data infrastructure and continuously seek business opportunities that can create synergy with Lotte affiliates.

A Shinhan Bank official stated, "We will continue to do our best to provide more benefits to customers through cross-industry business partnerships to create a bank that is easier, more comfortable, and more innovative, in line with Shinhan Financial Group's vision."

This content was produced with the assistance of AI translation services.