This photo, taken on Aug. 16, 2020, shows the nearly empty terminal for international flights at Incheon International Airport, South Korea’s main gateway west of Seoul. (Yonhap)
SEOUL, May 30 (Korea Bizwire) — South Koreans’ overseas card spending dropped 28.8 percent on-year in the first quarter, due to a sharp decline in the number of outbound travelers amid the COVID-19 pandemic, central bank data showed Sunday.
The amount of money spent overseas by South Koreans with cards, including credit and debit cards, totaled US$2.56 billion in the January-March period, compared with $3.59 billion for the same period last year, according to the data from the Bank of Korea (BOK).
Compared with three months earlier, overseas card spending fell 4.1 percent.
The on-quarter decline came as nations around the world imposed lockdown measures to combat a third wave of virus infections, the BOK said.
(Yonhap)
