Overseas credit card spending hits record high

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Overseas credit card spending hits record high

Koreans’ overseas credit card spending climbed to a record high in 2011 as solid economic growth and the local currency’s ascent increased the number of outbound travelers, the central bank said yesterday.

Overseas credit card bills totaled $8.62 billion last year, up 18.5 percent from $7.27 billion the previous year. In 2011, the Korean economy grew 3.6 percent on-year, slowing from a gain of 6.1 percent the year before. Yonhap

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