Hyundai Izwel, First in Welfare Mall Industry to Register as Electronic Financial Business

Securing a Foundation for New Businesses
Such as Mobile Gift Certificates

Hyundai Easywell, a total welfare solution specialist company affiliated with Hyundai Department Store Group, announced on the 3rd that it has received registration approval for electronic financial business from the Financial Services Commission.

Electronic financial business refers to the issuance and operation of prepaid electronic payment methods such as mobile coupons, gift certificates, and simple payments that can be used for products or services. To register for electronic financial business, strict requirements such as capital scale, debt ratio, financial soundness, and information security capabilities must be met.

Hyundai Easywell is the first company registered for electronic financial business in the selective welfare market. Welfare malls are closed online malls where companies provide various benefits to their employees, and Hyundai Easywell is the number one company in the selective welfare market operating customized welfare systems and welfare malls for 3.4 million employees belonging to 2,700 public institutions and private companies.

Based on this electronic financial business registration, Hyundai Easywell plans to quickly respond to the changing online commerce market and introduce differentiated services that double the convenience of use in existing welfare content. In the future, it will also promote new businesses such as e-coupons and mobile gift certificates in collaboration with major affiliates of Hyundai Department Store Group.

A Hyundai Easywell official stated, "This electronic financial business registration will be an opportunity to further strengthen the stability of the welfare point-based business," and added, "We will continue to prioritize customer trust and strive to provide innovative services unique to Hyundai Easywell."

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