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S. Koreans' overseas credit card spending hit US$ 19.2 bil. in 2018, up 12% y/y: BOK

2019-02-21 4 Dailymotion

South Koreans' overseas credit card spending topped 19-point-two billion U.S. dollars in 2018, up twelve percent on-year.<br />The Bank of Korea attributed the rise to the increasing number of South Koreans travelling abroad.<br />More than 28 million South Koreans vacationed outside the country in 2018, up more than eight percent on-year.<br />In addition, the BOK said the stronger U.S. dollar drove higher credit card spending overseas. <br />The won-dollar exchange rate appreciated from 1-thousand-1-hundred-30 won in 2017 to 1-thousand-1-hundred won in 2018. <br />

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