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American Express deal lets Shinhan expand card business

Shinhan Card CEO Wi Sung-ho (right) poses with Paul Abbott, head of American Express’ Global Network Partnerships, after the Korean card issuer signed an agreement to expand relations with the U.S. financial services company in Seoul. (Shinhan Card)
Shinhan Card CEO Wi Sung-ho (right) poses with Paul Abbott, head of American Express’ Global Network Partnerships, after the Korean card issuer signed an agreement to expand relations with the U.S. financial services company in Seoul. (Shinhan Card)

Shinhan Card, Korea’s top credit card issuer, said it would offer more cards and services through its expanded relations with American Express.

This comes as the two sides agreed to boost their relationship, paving the way for Shinhan Card to tap a greater number of consumers via American Express’ global networks.

Shinhan Card said its new U.S. partner would help it provide more diverse services and product choices for Korean consumers.

“By partnering with American Express, we expect to provide more choices and benefits to our Card Members,” Wi Sung-Ho, CEO of Shinhan Card, said in a press statement.

“We look forward to providing superior services to our card members in cooperation with American Express in Korea.”

Paul Abbott, the head of American Express’ Global Network Partnerships, said, “Shinhan Card is a valued partner of American Express and we are excited by this new opportunity to bring greater value to Shinhan Card members in Korea.”

By Park Hyong-ki (hkp@heraldcorp.com)
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