overseas spending Archives

Households’ Overseas Spending Hits Record High in H1

SEOUL, Sept. 6 (Korea Bizwire) – South Korean households’ overseas spending hit a record high in the first half of 2016 from a year earlier on increased outbound travel to neighboring countries, the central bank said Tuesday. South Korean households spent 13.6 trillion won (US$12 billion) overseas in the January-June period, up 10.7 percent from [...]

Overseas Spending of S. Koreans Reaches Record High in 2015

SEOUL, April 5 (Korea Bizwire) – Overseas consumption by South Korean residents surged to a new high last year, central bank data showed Tuesday, mainly on a large increase in the number of people going abroad. In 2015, the overseas consumption expenditures of South Koreans came to 26.27 trillion won (US$22.74 billion), according to preliminary [...]