South Korea's household debt, which includes credit card bills and loans, reached 640.5 trillion won (US$623.1 billion or 402.8 billion euros) by the end of the first quarter ended 31 March, up 9.2% from 586.5 trillion won in the same period a year earlier, according to the Bank of Korea, the country's central bank. Payments for goods made with credit cards increased to 35.5 trillion won during the quarter, up 13.8% from 31.2 trillion won in the same period last year. Bank officials were unable to offer immediate comment to CardLine Global.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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