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Korea overseas card spending near 3-year high on travelers

Korea Economic Daily LogoKorea Economic Daily2 mo ago

Korea overseas card spending near 3-year high on travelers - Korea Economic Daily

Quick Summary:

The amount of money spent by the residents with cards, including credit and debit cards, totaled $3.8 billion in the July-September period, the largest since the fourth quarter of 2019, central bank data showed on Tuesday.

Payments for purchases from overseas online shopping malls skidded 5.5% to $980 million in the third quarter from the prior three months.The won depreciated 5.8% against the dollar on average in the July-September period from the second quarter.

Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countries worldwide opening up their borders amid waning COVID-19.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-29 @ 18:37:07 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1993 (out of 5813 stories this day)

News Source URL: kedglobal.com

Language: English

Article Length: 202 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 2030074

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 8 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 11 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

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The story "Korea overseas card spending near 3-year high on travelers" was covered 2 months ago by Korea Economic Daily, a news publisher based in South Korea.

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Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

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  • URL: https://beamstart.com/news/korea-overseas-card-spending-near-16697160681869

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