Data show that there are over 60,000 Korean overseas travelers who spent over US$5,000 with credit cards to buy foreign goods in the first quarter of this year. It also found that there are plenty who spent over $100,000 on credit in acquiring items.
Following the customs law amendment with a purpose to legalize the underground economy, the Credit Finance Association has handed out card usage details of credit card users who spent over $5,000 overseas, to the Korea Customs Service, starting from this year.
[Related Article] Data Show Significant Number of Korean Travelers Spend Over $100,000 Overseas (Korea Bizwire, July 2)
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