The "Everyone's Card (K-Pass)," which refunds in full any public transportation costs exceeding 62,000 won, will be available for application through a wider range of card companies.
The Ministry of Planning and Budget and the Metropolitan Transport Commission under the Ministry of Land, Infrastructure and Transport said on the 20th that they have additionally selected seven financial institutions as card issuers able to issue Everyone's Pass. The newly selected institutions are Toss Bank, Jeonbuk Bank, the National Credit Union Federation of Korea, BNK Kyongnam Bank, Korean Federation of Community Credit Cooperatives (KFCC), Jeju Bank, and Tmoney Co. As a result, the number of Everyone's Card lead issuers increased from 20 to 27.
K-Pass is a product that refunds 20%–53.5% of public transportation expenditure, and the flat-rate version of it is Everyone's Card. Everyone's Card refunds in full any public transportation costs that exceed a set amount. This refund threshold varies by region and household size; the standard for the Seoul metropolitan area is 62,000 won, while for non-capital regions and households with three children or low income it is 30,000 won.
At new lead issuer card companies other than Toss Bank, Everyone's Card can be issued starting on the 2nd of next month. Toss Bank plans to begin issuing Everyone's Card on the 26th of next month because it is running a pilot one-stop service that processes everything at once from card issuance to Everyone's Card registration.