South Korea’s First 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 first quarter from Bank of Korea.

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                                      1Q      4Q      3Q      2Q      1Q      4Q
                                    2011    2010    2010    2010    2010    2009
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                                 ---------- Card spending (USD Million) --------
Residents’ Overseas Spending       1,999   1,951   1,897   1,744   1,681   1,509
 Number of persons (Thousand)      3,970   3,694   3,285   3,024   2,790   2,309
 Spending per person (USD)           504     528     577     577     603     653
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Non-residents’ Domestic Spending     745     889     742     725     652     719
 Number of persons (Thousand)      2,047   2,302   2,108   2,120   1,906   2,085
 Spending per person (USD)           364     386     352     342     342     345

                                 --------------------- YoY% --------------------
Residents’ Overseas Spending       18.9%   29.3%   27.5%   36.0%   52.8%   21.2%
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                                      1Q      4Q      3Q      2Q      1Q      4Q
                                    2011    2010    2010    2010    2010    2009
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                                 --------------------- YoY% --------------------
 Number of persons (Thousand)      42.3%   60.0%   46.8%   48.2%   50.6%   16.1%
 Spending per person (USD)        -16.4%  -19.2%  -13.1%   -8.3%    1.4%    4.4%
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Non-residents’ Domestic Spending   14.2%   23.6%   17.0%   22.1%    0.9%   11.8%
 Number of persons (Thousand)       7.4%   10.4%    7.5%   13.9%    1.0%   14.1%
 Spending per person (USD)          6.3%   11.9%    8.8%    7.1%   -0.1%   -2.0%
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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