Eight major card companies halt Homeplus gift certificate transactions in South Korea

All eight major credit card companies have suspended transactions for Homeplus gift certificates.

According to the financial sector on the 13th, Woori Card and Hana Card have stopped approving payments for the purchase and recharge of Homeplus gift certificates, and Lotte and BC Card are expected to suspend payment approvals on the same day.

Shinhan Card and Samsung Card have suspended payments for Homeplus gift certificates since last week, while KB Kookmin Card and Hyundai Card stopped them the day before. With all eight major credit card companies suspending payments for Homeplus gift certificates, the only remaining option for card payments for these gift certificates is NH Nonghyup Card.

The credit card companies are suspending payments for gift certificates to prevent customer damage amid the suspension of usage by affiliated companies of Homeplus. After Homeplus applied for corporate rehabilitation, affiliates such as Shinsegae Duty Free, CJ Foodville, and Everland have blocked the use of Homeplus gift certificates, fearing delays in repayment.