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.

================================================================================
                                      3Q      2Q      1Q      4Q      3Q      2Q
                                    2011    2011    2011    2010    2010    2010
================================================================================
                                 ---------- Card spending (USD Million) --------
Residents’ Overseas Spending       2,296   2,164   1,999   1,951   1,896   1,744
 Number of persons (Thousand)      4,474   4,155   3,970   3,694   3,285   3,025
 Spending per person (USD)           513     521     504     528     577     577
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending   1,070     916     745     889     742     725
 Number of persons (Thousand)      2,568   2,368   2,047   2,302   2,108   2,120
 Spending per person (USD)           417     387     364     386     352     342

                                 --------------------- YoY% --------------------
Residents’ Overseas Spending       21.0%   24.1%   18.9%   29.3%   27.5%   36.0%
================================================================================
                                      3Q      2Q      1Q      4Q      3Q      2Q
                                    2011    2011    2011    2010    2010    2010
================================================================================
                                 --------------------- YoY% --------------------
 Number of persons (Thousand)      36.2%   37.4%   42.2%   60.0%   46.8%   48.3%
 Spending per person (USD)        -11.1%   -9.7%  -16.4%  -19.2%  -13.2%   -8.3%
--------------------------------------------------------------------------------
Non-residents’ Domestic Spending   44.1%   26.2%   14.2%   23.6%   17.0%   22.1%
 Number of persons (Thousand)      21.8%   11.7%    7.4%   10.4%    7.5%   13.9%
 Spending per person (USD)         18.2%   13.0%    6.3%   11.9%    8.8%    7.1%
================================================================================

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

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.