South Korea's Third Quarter Credit Card Spending

Following is a table of South Korea’s overseas credit card spending by residents and domestic credit card spending by non-residents in the third quarter from Bank of Korea.

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                                      3Q      2Q      1Q      4Q      3Q      2Q
                                    2010    2010    2010    2009    2009    2009
================================================================================
                                 ---------- Card spending (USD Million) --------
Residents’ Overseas Spending       1,897   1,744   1,681   1,509   1,487   1,283
 Number of persons (Thousand)      3,285   3,024   2,810   2,309   2,237   2,040
 Spending per person (USD)           577     577     598     654     665     629
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending     767     725     652     719     634     593
 Number of persons (Thousand)      1,549   1,429   1,285   1,426   1,334   1,235
 Spending per person (USD)           495     507     507     504     475     480

                                 --------------------- YoY% --------------------
Residents’ Overseas Spending       27.6%   36.0%   52.8%   21.2%  -19.5%  -31.5%
================================================================================
                                      3Q      2Q      1Q      4Q      3Q      2Q
                                    2010    2010    2010    2009    2009    2009
================================================================================
                                 --------------------- YoY% --------------------
 Number of persons (Thousand)      46.8%   48.2%   51.7%   16.1%   -9.8%  -18.6%
 Spending per person (USD)        -13.1%   -8.3%    0.7%    4.4%  -10.7%  -15.8%
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending   20.9%   21.2%    1.0%   11.8%   13.6%    3.3%
 Number of persons (Thousand)      16.1%   15.7%   -2.5%    8.5%   14.8%    8.0%
 Spending per person (USD)          4.2%    5.6%    3.6%    3.0%   -1.1%   -4.4%

                                 --------------------- QoQ% --------------------
Residents’ Overseas Spending        8.8%    3.7%   11.4%    1.5%   15.9%   16.6%
 Number of persons (Thousand)       8.6%    7.6%   21.7%    3.2%    9.7%   10.1%
 Spending per person (USD)          0.1%   -3.6%   -8.5%   -1.7%    5.7%    5.9%
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending    5.7%   11.2%   -9.3%   13.3%    6.8%   -8.1%
 Number of persons (Thousand)       8.4%   11.2%   -9.9%    6.9%    8.0%   -6.3%
 Spending per person (USD)         -2.4%    0.0%    0.7%    6.0%   -1.1%   -1.9%
================================================================================

Note: Total spending amount includes spending by debit cards and excludes spending by prepaid cards.

Source: Bank of Korea

To contact the reporter on this story: Sarina Yoo in Seoul at kyoo3@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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