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Card spending by Chinese tourists in South Korea jumps 22.9%

Staff Writer | November 14, 2016
Card spending by Chinese tourists in South Korea jumped more than 20 percent over the recent weeks from a year earlier on increased holiday shoppers and visitors.
Chinese tourists in South Korea
Asia   Chinese tourists flocked to South Korea
A total of 490 billion won ($419.9 million) worth of purchases were made by China-issued credit cards between September 24 and October 14, up 22.9 percent from the same period last year, according to Shinhan Card Co.

Chinese tourists flocked to South Korea during the China's National Day holiday season from October 1-7. The South Korean government ran a nationwide shopping event with discount promotions and K-pop performances starting in late September to attract more Chinese people.

Chinese card spending at food service businesses soared 48.8 percent on-year over the three-week period, followed by a 37.3 percent gain in payments for live entertainment, such as performances and concerts.

Purchases in the shopping and accommodation areas also rose 24 percent and 13.2 percent, respectively, over the cited period.


 

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