Card spending in Korea continued to slip in January as households tightened their purse strings amid an economic slowdown, industry data showed Tuesday.
As of Nov. 26, 258.3 billion won ($216 million) has been returned to credit-card users in a cash-back program running for almost two months, according to Finance Ministry on Monday.
Depressed consumer demand and sentiment as the coronavirus pandemic’s shocks continue to reverberate through the economy appeared to take a toll on debit and credit card spending in Korea last month.
Korea JoongAng Daily Sitemap
