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OVERSEAS USE OF KOREAN CREDIT CARDS SOARS IN Q1.

AsiaPulse News

| June 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 1 Asia Pulse - Credit card use by Koreans traveling abroad reached US$423 million during the first quarter of this year, up 38.7 per cent from the same period last year, the Bank of Korea said Friday.

The number of credit card users during the trips reached 799,000, up 37 per cent from a year earlier.

Individually, an average of $529 was spent, much the same as last year's $523.

Credit card usage came to $173 million during the first quarter of 1999, rose to $367 million during the second ...

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