Merchant fee revenue at South Korea's major card companies fell for a third straight quarter in Q3 2025, despite higher card payments, as lower fee rates and policy restrictions pressured profitability.
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South Korea’s major credit card companies saw merchant fee revenue fall for the first time in five years in H1 2024, as government-mandated fee cuts for small merchants eroded core earnings.
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Card Companies See Merchant Fee Revenue Fall for First Time in Five Years—Impact of Recalculated Eligible Costs

South Korea’s major credit card companies saw merchant fee revenue fall for the first time in five years in H1 2024, as government-mandated fee cuts for small merchants eroded core earnings.

Yonhap Infomax