Korean Job Discussion Forums

FastForward · Joined: 04 Jul 2011

So I think my card fell out in a taxi and I didn't notice. When I woke up, someone charded 228,000 won at a club in Gangnam.

Do credit card charge backs work the same way in Korea as they do in the states? I've been told that I am responsible for 70% of the amount, since I'm at fault for losing the card. Is this correct?

I know they don't check ID's when using the credit cards here in Korea, but I think it is stupid that they will take any credit card from anyone. What is stopping people from using stolen credit cards?

It is a Samsung credit card.

Jake_Kim · Joined: 27 Aug 2005 Location: Seoul

When did you report the theft/loss of your card?
70% is not necessarily a golden rule of some sort, there could be some room for dispute if you called it in as soon as you had noticed.

FastForward · Joined: 04 Jul 2011

Jake_Kim · Joined: 27 Aug 2005 Location: Seoul

100% chargeback is, well, less likely.
Technically, responsibility goes both ways - cardholder's 'mismanagement' (loosing it) and the merchant's (the club) negligence to match ID and signature. You get 60-day retrospective protection from the date of your incident report, but this 'mismanagement' clause probably prevents 100% chargeback.
Recent cases suggest it'll likely be settled at 20~30% liability on the cardholder (you), and you might also be asked to pay a visit to Samsung Card HQ for detailed paperwork.

FastForward · Joined: 04 Jul 2011

Jake_Kim · Joined: 27 Aug 2005 Location: Seoul

What has been laid out above is only the civil side of your case.
Criminality of such a fraudulent use of lost credit card is already established under Specialized Credit Finance Business Act, Article 70(1)3, punishable by imprisonment for not more than 7 years or a fine not exceeding 50 million Won; and
since the perpetrator has obtained and enjoyed economic benefit by deceiving other party by illegitimately presenting someone else's credit card as his own, charge of fraud under Article 347 of the Criminal Act also applies, punishable by maximum 10 years' imprisonment or fine up to 20 million Won.
Although such heavy punishments wouldn't be handed out in practicality since the amount in question is relatively 'small', it is nonetheless a crime under the law.
If you were a platinum or carte-blanche holder and had your proportional liability amounted to some tens of millions, for example, you would've already headed down to a police station and to that club for CCTV evidence and whatnot.