Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
지나쌤

Daily credit card spending in Korea hits record high in 2016

By KH디지털2

Published : March 1, 2017 - 12:57

    • Link copied

Daily credit card spending in South Korea hit a record high in 2016, data showed Wednesday, in the latest sign that credit cards are one of the most convenient payment tools.

Credit card holders in South Korea spent an average of 1.68 trillion won ($1.4 billion) a day in 2016, up 10.9 percent from 1.51 trillion won a year earlier, according to the data compiled by the Bank of Korea.

(Yonhap) (Yonhap)

The 2016 figure is the highest since 2003 when the central bank started collecting data.

Meanwhile, debit card spending on a daily basis jumped 15.2 percent on-year to reach 424 billion won, the BOK said. (Yonhap)

More from Headlines