Train Tickets Available on Monimo App... Samsung Card Signs Business Agreement with KORAIL

Strategic Business Agreement for Co-branded Card Launch
Introduction of Monimo Simple Payment to KORAIL Talk App

Samsung Card announced on April 30 that it had signed a strategic business agreement with Korea Railroad Corporation (KORAIL) on April 29 at the Samsung Card headquarters in Jung-gu, Seoul, for the launch of a co-branded card and other initiatives.

Samsung Card and Korea Railroad Corporation (KORAIL) signed a strategic business agreement on the 29th at Samsung Card headquarters in Jung-gu, Seoul, to launch a co-branded card. Through this agreement, the two companies plan to release a railway-specialized co-branded card and enhance convenience in ticket reservation and payment by upgrading the 'Monimo' and 'KORAIL Talk' services. They will also seek to promote railway usage through data collaboration and joint marketing. From left: Lee Itaek, President of Samsung Card; Moonhee Han, President of Korea Railroad Corporation. Samsung Card. Samsung Card.

The two companies have agreed to use this agreement as an opportunity to improve railway ticket purchase services and to conduct joint marketing activities.

First, they plan to launch a railway-specialized co-branded card in the second half of the year.

Samsung Card and Korea Railroad Corporation (KORAIL) signed a strategic business agreement for the launch of a co-branded card on the 29th at the Samsung Card headquarters in Jung-gu, Seoul. Kim Itaek, President of Samsung Card (fifth from the left), Han Moonhee, President of Korea Railroad Corporation (KORAIL) (sixth from the left), and officials from both companies are taking a commemorative photo. Samsung Card
Photo by Samsung Card

In addition, they will introduce a train ticket reservation service to 'Monimo', the integrated financial platform application of Samsung Financial Networks.

They will also add Monimo's simple payment service to KORAIL's mobile app, 'KORAIL Talk'. Customers will be able to purchase train tickets using convenient authentication methods such as biometric recognition, including fingerprint, and password.

A Samsung Card official said, "Based on the agreement with KORAIL, we plan to introduce differentiated services such as the launch of a co-branded card, enhanced convenience in ticket reservation and payment, and data collaboration," adding, "We will combine the strengths of both companies to build a successful synergy model."

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