Noticed that banking system in South Korea is quite easy. Opening a local bank account, for instance, is pretty simple whether you are a foreigner or not. And now, Citibank Korea (one of a few exceptional banks that have experience with foreign clients, besides Korea Exchange Bank, Woori Bank, and Hana Bank) launches another easyness: by offering VM mobile banking service in English.
Citibank had opened its first branch in Korea in 1967, and was born newly as Citibank Korea Inc. (CKI) through integration with KorAm Bank in 2004.
Available for most cell phones equipped for wireless Internet (initially being setup for SK Telecom and KTF subscribers, and then for LG Telecom users), the existing users of CKI Internet banking need to download its software. The application enables you to use various banking services such as transfer/inquiry, FX rate inquiry, loan inquiry and GIRO payment, as well as credit card inquiry and CA service.
According to a recent research, although the global economy has been slowing down since second half of this year, there is a strong optimism that the market will go growing in the coming year. The mobile market is predicted to grow to 308.1 trillion won (about US$ 220 billion), a 6.7% higher than this year.
[via 3Gweek]
