South Korea's Fourth 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 fourth quarter from Bank of Korea.

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                                      4Q      3Q      2Q      1Q      4Q      3Q
                                    2010    2010    2010    2010    2009    2009
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                                 ---------- Card spending (USD Million) --------
Residents’ Overseas Spending       1,951   1,897   1,744   1,681   1,509   1,487
 Number of persons (Thousand)      3,694   3,285   3,024   2,810   2,309   2,237
 Spending per person (USD)           528     577     577     598     654     665
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending     889     767     725     652     719     634
 Number of persons (Thousand)      1,716   1,549   1,429   1,285   1,426   1,334
 Spending per person (USD)           518     495     507     507     504     475

                                 --------------------- YoY% --------------------
Residents’ Overseas Spending       29.3%   27.6%   36.0%   52.8%   21.2%  -19.5%
================================================================================
                                      4Q      3Q      2Q      1Q      4Q      3Q
                                    2010    2010    2010    2010    2009    2009
================================================================================
                                 --------------------- YoY% --------------------
 Number of persons (Thousand)      60.0%   46.8%   48.2%   51.7%   16.1%   -9.8%
 Spending per person (USD)        -19.2%  -13.1%   -8.3%    0.7%    4.4%  -10.7%
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending   23.6%   20.8%   22.1%    0.9%   12.0%   13.6%
 Number of persons (Thousand)      20.3%   16.1%   15.7%   -2.5%    8.5%   14.8%
 Spending per person (USD)          2.7%    4.1%    5.5%    3.5%    3.1%   -1.1%
================================================================================

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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