The Korea Herald


[Graphic News] Overseas spending hits record in Q3

By Korea Herald

Published : Dec. 9, 2013 - 20:03

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Korea’s overseas spending reached a record high in the third quarter of this year at some 6.5 trillion won ($6.2 billion), a 4.7 percent increase from the previous quarter, according to the Bank of Korea. The increase rate outpaced that of domestic spending. From January to September, domestic spending rose 2.6 percent while overseas spending rose 4.3 percent from the same period last year.

Financial analysts said the rise in overseas spending mainly came from the increase in overseas card payments and the direct purchase of goods through overseas online shopping sites.