South Koreans' Overseas Card Spending Stagnates in Q1

Overseas card spending nearly unchanged in Q1

South Koreans' overseas card spending remained nearly unchanged in the first quarter from three months earlier as lower overseas direct purchases offset gains from an increase in outbound travelers, data showed Friday. The amount of money spent overseas by South Koreans with credit and debit cards came to $6.1 billion in the January-March period, down just 0.1 percent from $6.11 billion posted three months earlier, according to data from the Bank of Korea. Compared with a year earlier, the figur

By The Korea Herald