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Foreigners' credit card spending surges nearly 10-fold in June from 2023 level: report

World 1 source 1 country 🔦 Under-reported 26m ago

In June, credit card spending by foreign nationals in South Korea surged dramatically, multiplying nearly tenfold compared to the same period in 2023, according to a report released in August 2024.

The sharp increase highlights a significant rebound in international tourism and foreign consumer activity within the country. The data underscores the ongoing economic recovery and the growing influx of overseas visitors utilizing domestic payment systems.

In-depth summary · AI, neutral
Read the full story at the source Yonhap English (Seoul, South Korea) · KR
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