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Rising Concerns About the New Decision to Allow Credit Cards for Minors
May 13, 2026 Doyoung Lim www.koreatimes.co.kr The government’s newly announced decision to allow the issuance of credit cards to minors aged 12 and older has evoked skepticism from parents, along with some raising concerns about early exposure to overspending and impulse buying, leading to no concept of money. Credit cards had previously been limited only to adults aged 19 and older, while the minimum eligibility age was just lowered through a revision of the policy by the go

Doyoung Lim
May 13
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