Citibank To Launch Korean Card-Promotion Effort

Published August 25, 2008, 1:00 a.m. EDT

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Updated August 25, 2008, 12:00 a.m. EDT

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Citibank Korea says it will launch a promotion with South Korean supermarket chain E-mart to encourage credit card spending during the holiday of Chusok, a harvest festival that falls on 14 Sept. Between 9 Sept. and 15 Sept., Citi credit cardholders who spend more than 200,000 won (US$185 or 125 euros) at E-smart can win prizes, including rice and wine. Cardholders also can get free "extended-payment plans" on purchases worth more than 500,000 won, Citi says in a statement.

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