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.

================================================================================
                                      1Q      4Q      3Q      2Q      1Q      4Q
                                    2011    2010    2010    2010    2010    2009
================================================================================
                                 ---------- 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
--------------------------------------------------------------------------------
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%
================================================================================
                                      1Q      4Q      3Q      2Q      1Q      4Q
                                    2011    2010    2010    2010    2010    2009
================================================================================
                                 --------------------- 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%
--------------------------------------------------------------------------------
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%
================================================================================

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.