SEOUL, May 31 (Xinhua) — South Korea’s overseas plastic card spending logged a double-digit decrease in the first quarter amid the continued COVID-19 pandemic, central bank data showed Tuesday.
Local residents spent 3.06 billion U.S. dollars overseas via credit, check and debit cards in the January-March quarter, down 10.4 percent from the previous quarter, according to the Bank of Korea.
The number of residents going on an overseas trip declined in the first quarter on worry about the pandemic.
The local currency’s depreciation against the U.S. dollar led to lower overseas direct purchase in the cyberspace.
The overseas use of credit, check and debit cards reduced 6.0 percent, 20.3 percent and 33.9 percent, respectively, in the first quarter.