SEOUL, March 29 (Korea Bizwire) – The amount of daily payments made with cards in South Korea grew about 13 percent last year as eased coronavirus-related restrictions boosted consumption, central bank data showed Wednesday. Spending made with credit, debit and prepaid cards reached a daily average of 3.1 trillion won (US$2.4 billion) in 2022, up [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Koreans’ overseas card spending swelled nearly 19 percent in 2022 on the back of eased COVID-19 curbs, central bank data showed Tuesday. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to US$14.54 billion last year, up 18.9 percent from [...]
SEOUL, July 29 (Korea Bizwire) — Credit card spending in South Korea jumped in the second quarter, buoyed by eased antivirus measures, data showed Friday. Spending made with credit, debit and prepaid cards came to 280.7 trillion won (US$216.2 billion) in the April-June period, up 14.8 percent from a year earlier, according to the data [...]
SEOUL, June 7 (Korea Bizwire) — Card use for settlement in South Korea swelled 11 percent in April on softer anti-coronavirus rules with spending on travel and transportation spiking, data showed Tuesday, in a sign of the country’s consumption returning to pre-pandemic normalcy. Spending made with credit, debit and prepaid cards came to 90.3 trillion [...]
SEOUL, Feb. 4 (Korea Bizwire) — Card spending in South Korea rose more than 10 percent in 2021 from a year earlier amid the coronavirus pandemic, industry data showed Friday. Spending made with credit, debit and prepaid cards stood at about 977 trillion won (US$811 billion) last year, up 10.3 percent from the same quarter [...]
SEJONG, Aug. 9 (Korea Bizwire) — Payments made with cards in South Korea expanded 7 percent in July from a year earlier despite a resurgence of coronavirus infections, a report showed Monday. Spending made with credit, debit and prepaid cards issued by major card firm Shinhan Card Co. stood at 14.1 trillion won (US$12.3 billion) [...]
SEOUL, Dec. 2 (Korea Bizwire) — Payments made with cards in South Korea grew more than 5 percent in October amid the new coronavirus outbreak, industry data showed Wednesday. Spending made with credit, debit and prepaid cards came to 77.3 trillion won (US$69.7 billion) in October, up 5.4 percent from a year earlier, according to [...]
SEOUL, Nov. 20 (Korea Bizwire) — Card spending made during a massive nationwide annual shopping festival earlier this month rose 6.3 percent from a year earlier, the trade ministry said Friday, amid the new coronavirus outbreak. Card spending amounted to 37.4 trillion won (US$33.5 billion) in the Nov. 1-15 period, when the country held the [...]
SEOUL, July 14 (Korea Bizwire) — Payments made with cards here began to drop shortly after the country confirmed the new coronavirus outbreak in late January, central bank data showed Tuesday, in what could be another data backing reduced spending amid the pandemic. Between February and May, the overall amount of payments made with cards [...]
SEOUL, April 10 (Korea Bizwire) — Online credit card spending in South Korea soared more than 22 percent in March, as consumers avoided going out due to the spread of the novel coronavirus, data showed Friday. Online credit card purchases approved by the country’s eight card firms — Shinhan, Samsung, KB Kookmin, Hyundai, BC, Lotte, [...]