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[Graphic News] Koreans’ overseas card spending hits record for Q1
By Korea HeraldPublished : May 22, 2016 - 18:46
Overseas card spending by South Koreans hit $3.3 billion in January-March, the highest figure recorded for the first quarter, government data showed Sunday.
According to the Bank of Korea, overseas spending – using credit cards, debit cards and direct payment cards -- in the first three months this year rose 2.7 percent year-on-year from $3.2 billion a year earlier.
The number of Koreans who traveled overseas jumped 18.3 percent to 5.56 million in the first quarter from a year earlier, according to data by the Korea Culture & Tourism Institute.
The BOK attributed the increased travelers to the winter break and the long Lunar New Year’s holiday this year.
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Articles by Korea Herald
