Most Popular
-
1
A decade lost: Sewol survivors on life after tragedy
-
2
Opposition victory upends ruling party's plans
-
3
Taking risk or targeting global fans? Netflix pushes ahead with 'Goodbye Earth' release
-
4
World reactions to Iran strikes on Israel
-
5
S. Korea to extend fuel tax cut through June amid Middle East tensions
-
6
Yoon flounders after election defeat
-
7
US confirms $6.4 billion chip subsidy for Samsung
-
8
Israel says Iran launched more than 300 drones and missiles, 99% of which were intercepted
-
9
[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?
![[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/15/20240415050562_0.jpg&u=20240415144419)
-
10
Yoon vows to improve communication with people after election defeat
![[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/15/20240415050562_0.jpg&u=20240415144419)
Koreans' overseas card spending hits record high in Q1
By Catherine ChungPublished : May 18, 2017 - 15:05
Overseas card spending by South Koreans hit a record high in the first quarter due to a hike in the number of people going overseas, the central bank said Thursday.
In the January-March period, overseas card spending amounted to $4.02 billion, up 21.9 percent from $3.3 billion a year earlier, according to the Bank of Korea BOK. From a month earlier, the Q1 tally marked a 7.4-percent increase.
In the January-March period, overseas card spending amounted to $4.02 billion, up 21.9 percent from $3.3 billion a year earlier, according to the Bank of Korea BOK. From a month earlier, the Q1 tally marked a 7.4-percent increase.
Overseas card spending includes purchases made with debit and direct payment cards, in addition to credit cards.
The hike was driven by a rise in the number of South Koreans going overseas. Government data showed that 6.51 million South Koreans traveled to foreign countries in the first quarter, compared to 5.56 million a year earlier.
The average amount spent with each card in foreign countries came to $304 in the first quarter, up from $295 a year earlier, the BOK said.
Meanwhile, card spending by foreign visitors in South Korea came to $2.45 billion in the first quarter, down 2.7 percent from a year earlier, according to the central bank. (Yonhap)
