NH Nonghyup Card Launches Korea's First Profit-Sharing Product 'GS Retail Card'

First Domestic Introduction of PSCC Model Featuring Yangsa Product Services and Profit Sharing

[Asia Economy Reporter Yu Je-hoon] NH Nonghyup Card announced on the 13th that it will launch the 'GS Retail NH Nonghyup Card,' the first profit-sharing product (PSCC·Profit Sharing Credit Card) model in Korea, in collaboration with GS Retail.

This product features a profit-sharing structure between Nonghyup and GS Retail, creating synergy by offering the key benefits of both companies together. The card can be issued at NH Nonghyup Bank branches nationwide, agricultural and livestock cooperatives, and GS Retail outlets such as GS25, distinguishing it from commercial credit cards (PLCC) that heavily rely on partner companies. Both companies plan to promote joint marketing based on big data by integrating customer and consumption data through this product.

The GS Retail NH Nonghyup Credit Card offers a 2% GS&POINT accumulation benefit (up to 5 million KRW annually) when used inside GS Retail stores (GS25, GS SHOP, GS THE FRESH, GS Fresh Mall, etc.) without any previous month's spending requirement, and a 1-2% NH Point accumulation benefit (up to 30,000 KRW monthly) for use at all domestic and international affiliated merchants. If the previous month's spending reaches 400,000 KRW, cardholders can use international airport lounges (Incheon, Gimpo, Gimhae) twice a year for free.

The GS Retail NH Nonghyup Check Card provides a 2% GS&POINT accumulation (up to 5 million KRW annually) when used inside GS Retail stores, and a 0.2%-1% NH Point accumulation benefit (up to 50,000 KRW monthly) for use at all domestic and international affiliated merchants. If the previous month's spending reaches 500,000 KRW, cardholders can enjoy one free use per year of international airport lounges (Incheon, Gimpo, Gimhae).

The annual fee for the GS Retail NH Nonghyup Card is 12,000 KRW for domestic use and 14,000 KRW for domestic and international use (Mastercard), while there is no annual fee for the check card. President Yoon Sang-woon stated, "We launched the GS Retail NH Nonghyup Card together with GS Retail, Korea's leading distribution company that provides the best service closest to customers, to offer more benefits to customers." He added, "We will continue to release products that provide practical benefits and services to customers through collaboration with this industry and others."

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