South Korea’s Second 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 second quarter from Bank of Korea.

================================================================================
                                      2Q      1Q      4Q      3Q      2Q      1Q
                                    2011    2011    2010    2010    2010    2010
================================================================================
                                 ---------- Card spending (USD Million) --------
Residents’ Overseas Spending       2,164   1,999   1,951   1,896   1,744   1,681
 Number of persons (Thousand)      4,155   3,970   3,694   3,285   3,025   2,791
 Spending per person (USD)           521     504     528     577     577     602
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending     916     745     889     742     725     652
 Number of persons (Thousand)      2,368   2,047   2,302   2,108   2,120   1,906
 Spending per person (USD)           387     364     386     352     342     342

                                 --------------------- YoY% --------------------
Residents’ Overseas Spending       24.1%   18.9%   29.3%   27.5%   36.0%   52.8%
================================================================================
                                      2Q      1Q      4Q      3Q      2Q      1Q
                                    2011    2011    2010    2010    2010    2010
================================================================================
                                 --------------------- YoY% --------------------
 Number of persons (Thousand)      37.4%   42.2%   60.0%   46.8%   48.2%   50.7%
 Spending per person (USD)         -9.7%  -16.4%  -19.2%  -13.2%   -8.3%    1.4%
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending   26.2%   14.2%   23.6%   17.0%   22.1%    0.9%
 Number of persons (Thousand)      11.7%    7.4%   10.4%    7.5%   13.9%    1.0%
 Spending per person (USD)         13.0%    6.3%   11.9%    8.8%    7.1%   -0.1%
================================================================================

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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