SEOUL, Jan. 31 (Korea Bizwire) — Card use in South Korea exceeded 1,000 trillion won (US$811.4 billion) for the first time ever in 2022 as eased coronavirus curbs bolstered consumption, data showed Tuesday. According to the data provided by the Credit Finance Association, credit and debit card use amounted to 1,097.7 trillion won last year, [...]
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, March 22 (Korea Bizwire) — Card use for settlement in South Korea jumped 9.4 percent last year as consumption rebounded from a pandemic-caused slowdown and people reduced reliance on hard currency, central bank data showed Tuesday. The daily average settlement made through credit card and other card services came to 2.76 trillion won (US$2.26 [...]