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South Korean residents’ abroad card spending surpassed $5.9 billion within the third quarter of this 12 months, setting a brand new all-time report. This enhance was attributed to the rise in Korean nationals touring overseas throughout summer season trip and vacation seasons, whereas overseas nationals’ home card utilization additionally continued at record-high ranges.
In keeping with the “Residents’ Abroad Card Utilization Efficiency in Q3 2025” launched by the Financial institution of Korea on Nov. 25, residents’ abroad card (credit score + debit) spending within the third quarter totaled $5.93 billion.
This represents a 7.3% enhance from the second quarter ($5.52 billion) and surpassed the earlier report excessive of $5.71 billion in Q3 2024, marking the best determine ever recorded. In comparison with the identical interval final 12 months, it additionally confirmed a 3.9% enhance.
The Financial institution of Korea defined, “Whereas abroad on-line purchasing direct purchases confirmed little change, abroad journey demand elevated resulting from seasonal elements reminiscent of summer season trip.”
The variety of Korean nationals departing the nation elevated by 4.8% from 6.767 million within the second quarter to 37.093 million within the third quarter.
Throughout the identical interval, abroad direct purchases by way of on-line purchasing decreased by 1.2% from $1.55 billion to $1.53 billion.
By card kind, bank card utilization elevated by 7.4% in comparison with the earlier quarter, whereas debit card utilization additionally rose by 7.3%.
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