Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser
  2. 2

    S. Korea not to attend Sado mine memorial: foreign ministry

    S. Korea not to attend Sado mine memorial: foreign ministry
  3. 3

    First snow to fall in Seoul on Wednesday

    First snow to fall in Seoul on Wednesday
  4. 4

    Man convicted after binge eating to avoid military service

    Man convicted after binge eating to avoid military service
  5. 5

    Wealthy parents ditch Korean passports to get kids into international school

    Wealthy parents ditch Korean passports to get kids into international school
  1. 6

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
  2. 7

    [Weekender] Korea's traditional sauce culture gains global recognition

    [Weekender] Korea's traditional sauce culture gains global recognition
  3. 8

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
  4. 9

    Korea to hold own memorial for forced labor victims, boycotting Japan’s

    Korea to hold own memorial for forced labor victims, boycotting Japan’s
  5. 10

    Nvidia CEO signals Samsung’s imminent shipment of AI chips

    Nvidia CEO signals Samsung’s imminent shipment of AI chips
소아쌤

[Graphic News] Credit cards used for half of transactions: BOK

By Korea Herald

Published : Dec. 25, 2016 - 18:05

    • Link copied







The Bank of Korea said the most used payment method in 2016 has been the credit card, used for 54.8 percent of payments, followed by debit cards, account transfers and cash.

A survey of 2,500 adults by the Bank of Korea showed that credit cards were the most used payment method of 2015, accounting for 50.6 percent of financial transactions, compared to 34.2 percent a year earlier.

South Koreans used credit cards for transactions most often at gas stations, discount stores and department stores.

In comparison, cash made up 26 percent of transactions in 2015, down from 37.7 percent in 2014, the data showed.

More from Headlines