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Overseas card spending plummets 46.1% in 2020 amid pandemic
By YonhapPublished : Feb. 23, 2021 - 13:24
South Koreans' overseas card spending plummeted 46.1 percent on-year in 2020, hit by a sharp decline in the number of outbound travelers amid the COVID-19 pandemic, central bank data showed Tuesday.
The amount of money spent overseas by South Koreans with cards, including credit and debit cards, totaled $10.31 billion last year, compared with $19.12 billion in 2019, according to the data from the Bank of Korea (BOK).
The number of outbound South Koreans plunged 85.1 percent on-year to 4.28 million last year.
In 2019, the number of outbound South Koreans stood at 28.71 million, according to the BOK. (Yonhap)
The amount of money spent overseas by South Koreans with cards, including credit and debit cards, totaled $10.31 billion last year, compared with $19.12 billion in 2019, according to the data from the Bank of Korea (BOK).
The number of outbound South Koreans plunged 85.1 percent on-year to 4.28 million last year.
In 2019, the number of outbound South Koreans stood at 28.71 million, according to the BOK. (Yonhap)
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