Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
  2. 2

    CJ CheilJedang to spur overseas growth with new Hungary, US plants

    CJ CheilJedang to spur overseas growth with new Hungary, US plants
  3. 3

    Seoul to host winter festival from Dec. 13

    Seoul to host winter festival from Dec. 13
  4. 4

    Nationwide rail disruptions feared as union plans strike from Dec. 5

    Nationwide rail disruptions feared as union plans strike from Dec. 5
  5. 5

    Blackpink's solo journeys: Complementary paths, not competition

    Blackpink's solo journeys: Complementary paths, not competition
  1. 6

    N. Korea, Russia court softer image: From animal diplomacy to tourism

    N. Korea, Russia court softer image: From animal diplomacy to tourism
  2. 7

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
  3. 8

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
  4. 9

    Korean Air offers special flights for mileage users

    Korean Air offers special flights for mileage users
  5. 10

    Actor Song Joong-ki welcomes second child in Rome

    Actor Song Joong-ki welcomes second child in Rome
피터빈트

Holiday, hot weather cause credit-card spending to rise in Q2

By 김유진

Published : Aug. 4, 2017 - 10:30

    • Link copied

Credit-card spending by individuals rose 11.2 percent on-year in the second quarter, as a long holiday and hot weather boosted demand for air conditioners and other consumer goods, industry data showed Friday.

According to the data by the Credit Finance Association, credit-card spending by individuals stood at 150 trillion won ($133.3 billion) for the April-June period, the highest quarterly spending tallied so far.

(Yonhap) (Yonhap)

The use of credit cards increased in part to people taking trips that require paying for accommodations and food, the data showed. Its travel-related spending was high in May and June.

Sales of air conditioners and air purifiers increased due to hot weather and smog, it said.

Total credit-card spending, which includes spending by corporate users, climbed 4 percent on-year to 186.5 trillion won for the quarter.

Credit-card spending by corporate users, however, fell 18.1 percent on-year to 35.6 trillion won for the three-month period.

The decline came as credit-card firms reduced hefty promotions for corporate users, the association said. (Yonhap)

More from Headlines