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Chinese tourists make UnionPay No 1 foreign card brand in South Korea

Chinese tourists make UnionPay No 1 foreign card brand in South Korea December 29, 2014 SHANGHAI, China – Thanks to the huge overseas purchasing power by Chinese tourists, UnionPay International, the international business arm of China UnionPay, is having more say in expanding in the glo SHANGHAI, China – Thanks to the huge overseas purchasing power by Chinese tourists, UnionPay International, the international business arm of China UnionPay, is having more say in expanding in the global market and surpassed global competitors to become the No 1 foreign card brand in South Korea. Bomee Sheng, General Manager of UnionPay International South Korea, said UnionPay cards have occupied approximately 40% of the market share in foreign tourist spending in South Korea, ranking No 1, according to a report by Reuters reporter Lin Qi.

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