Businessweek

KGinicis Co. Ltd., an electronic payment gateway service company, provides payment services for merchants, large enterprises, financial institutions, and government sectors in South Korea. It offers a line of payment services, including credit, debit, and purchasing cards; electronic fund transfer processing; gift cards; loyalty cards; stored value cards; point-of-sale equipment and related services; and merchant accounting and customized reporting services, as well as automated payment reconciliation and settlement services. The company’s payment gateway services enable payment via credit card or other payment methods between sellers (online vendors) and buyers (consumers). It serves education, manufacturing/distribution/fashion, Internet/gaming, and public companies. The company was formerly known as Inicis Co., Ltd. and changed its name to KGinicis Co., Ltd. in March 2012. KGinicis Co., Ltd. was founded in 1998 and is based in Seoul, South Korea.