Dongkuk Steel, Truly Committed to Members... Launches 'Steel Shop' Exclusive Card with KB Kookmin Bank

Purpose of Supporting Member Companies' Cash Flow
Unlimited Point Accumulation Benefits Included

Dongkuk Steel Group's Dongkuk Steel announced on the 29th that it has launched the ‘KB Kookmin Steel Shop Corporate Card’ in collaboration with KB Kookmin Card.

This exclusive card launch was promoted to meet the diverse payment method demands of Steel Shop member companies.

Due to the nature of steel transactions involving large purchase amounts per transaction, immediate cash payments can cause liquidity burdens and may require limit adjustments. Using the Steel Shop exclusive card can alleviate financial burdens and enhance payment convenience.

Physical KB Kookmin Steel Shop Corporate Card. The image represents the red glow seen during the steel smelting process.
[Photo by Dongkuk Steel]

By using the KB Kookmin Steel Shop Corporate Card, users can earn points without limits: ▲0.5% when using Steel Shop ▲0.3% for electronic commerce industries ▲0.1% for general industries. Points can be used for payments or, when accumulated over 30,000 points, users can apply for a refund to their payment account. The card can be issued after registering as a Dongkuk Steel Steel Shop member through separate guidance.

Jihoon Kim, Director of Dongkuk Steel Support Office (Executive Director), said, “We appreciate the active support from KB Kookmin Card,” and added, “We expect that the launch of this exclusive card will greatly improve the purchasing convenience for Steel Shop users.”

Dongkuk Steel Steel Shop is an online steel platform launched in May 2021, aiming for customer customization. It implemented improvements requested during transactions with existing customers online, such as ultra-short delivery of thick plates and small quantity transport of rebar. Within two years of its launch, it secured about 2,000 member companies. Approximately 80% of customers are new, and the repurchase rate exceeds 75%.

The vision of Steel Shop is to build a platform where steel purchases can be completed online. It aims to achieve an annual sales system of 250,000 tons by 2026.

On the 28th, at Ferrum Tower in Jung-gu, Seoul, Lee Jeong-su, Executive Director of KB Kookmin Card Corporate and Public Sales Group (left), and Kim Ji-hoon, Executive Director of Dongkuk Steel Support Office (right), are taking a commemorative photo at the 'KB Kookmin Steel Shop Corporate Card Launch Ceremony.' Photo by Dongkuk Steel

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