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  • S. Korean's card spending overseas up 5% in Q2
    S. Korean's card spending overseas up 5% in Q2
    South Koreans’ spending overseas with plastic went up more than 5 percent on-quarter in the second quarter of 2016, despite fewer travelers abroad, central bank data showed Aug. 19.Their credit, check and debit card purchases abroad rose 5.2 percent on-quarter to US$3.47 billion during the April-June period, according to Bank of Korea.It marks a 4.5-percent increase from $3.32 billion recorded a year earlier.The ri...
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S. Korean's card spending overseas up 5% in Q2

Aug. 19, 2016 - 10:08 By 박윤아
[THE INVESTOR] South Koreans’ spending overseas with plastic went up more than 5 percent on-quarter in the second quarter of 2016, despite fewer travelers abroad, central bank data showed Aug. 19.

Their credit, check and debit card purchases abroad rose 5.2 percent on-quarter to US$3.47 billion during the April-June period, according to Bank of Korea.

It marks a 4.5-percent increase from $3.32 billion recorded a year earlier.

The rise came in spite of a fall in the number of people traveling abroad. It dropped 8.8 percent on-quarter to 5.07 million in the three months ending on June 30.

Meanwhile, the amount of card spending by non-residents in South Korea came to $2.8 billion in the second quarter, up 2.9 percent on-year.

(theinvestor@heraldcorp.com)

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