Hanpass Card Service Terms and Conditions

Article 1 (Purpose)

The purpose of these Card Service Terms and Conditions (hereinafter referred to as “these Terms and Conditions”) is to set forth the rights, obligations, and responsibilities between Hanpass Co., Ltd. (hereinafter referred to as the “Company”) and the Members, as well as other necessary matters, with respect to the use of the Hanpass Card Service and related services (hereinafter collectively referred to as the “Services”) provided by the Company.

Article 2 (Definitions)

(1) The term “Hanpass Card” (hereinafter referred to as the “Card”) means a payment instrument embedded with an IC chip and card operation program certified by the Company in accordance with the technical specifications defined by the Company.

(2) The term “Hanpass Pay” means a Member account granted when a Member subscribes to the Company’s mobile application.

(3) The term “Hanpass Pay Points” means prepaid electronic payment means that may be directly charged by a Member to the Member account granted by the Company, or acquired through the purchase of goods, events, or other methods, and may be used as a payment method. Any terms not otherwise defined herein shall be governed by the relevant laws and regulations and by the definitions set forth in the Company’s Terms and Conditions for Electronic Financial Transactions.

Article 3 (Issuance of the Card)

(1) A Member who has subscribed to the Company’s Hanpass Pay Service and is at least seventeen (17) years of age may apply for issuance of the Card.

(2) Upon receiving an application for issuance of the Card, the Company shall review the application in accordance with its internal standards and procedures for issuance, and shall issue the Card to the Member. Provided, however, that if the Member fails to meet the requirements for card issuance, the issuance may be denied or the use of the Card may be restricted.

(3) The Card shall be issued by the Company, and BC Card Co., Ltd. (hereinafter referred to as “BC Card”) shall act as an agent for the issuance and delivery of the Card.

(4) When a Member applies for the Card, it shall be issued with a built-in transportation card function.

Article 4 (Annual Fees and Other Charges)

(1) The Company may charge Members various fees, including card issuance fees, annual fees, reissuance fees, overseas usage fees, and other service fees (hereinafter collectively referred to as the “Fees”). The specific details and amounts of such Fees may vary depending on the type of Card and the Member.

(2) The Company shall notify Members of the specific details of the Fees via the Company’s mobile application and obtain prior consent regarding the billing information and amounts. In the event of any change to the Fees, the Company shall notify the Members at least one (1) month prior to the scheduled effective date of such change.

(3) If a Member refuses to pay the Fees described above, use of the Services may be restricted.

(4) If a Member who has paid the annual fee withdraws from the Service within one (1) year from the commencement date of the Service, the Company shall refund the prorated remaining amount to the Member in the form of Hanpass Pay Points.

Article 5 (Use of the Card)

(1) Depending on the type of Card used, a Member may make payments for goods or services at domestic merchants affiliated with BC Card (meaning corporations or individual business owners that have entered into separate merchant agreements with BC Card) and at overseas merchants (VISA, MASTER).

(2) A Member may make payments under Paragraph (1) within the balance of Hanpass Pay Points, which are prepaid electronic payment means provided by the Company. If the Member’s Hanpass Pay Point balance is insufficient, the payment may be declined; provided, however, that if an automatic recharge function has been set, the deficient amount may be automatically charged from the designated account and the payment may be processed accordingly.