{"id":589545,"date":"2026-08-11T03:54:11","date_gmt":"2026-08-11T03:54:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/589545\/"},"modified":"2026-08-11T03:54:11","modified_gmt":"2026-08-11T03:54:11","slug":"foreigners-credit-card-spending-surges-nearly-10-fold-in-june-from-2023-level-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/589545\/","title":{"rendered":"Foreigners&#8217; credit card spending surges nearly 10-fold in June from 2023 level: report"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/08\/7e2e6ebb-6e73-4aba-9747-d65095e2831e.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1148; width: 100%\" alt=\"A foreign tourist takes a selfie in front of the Gyeongbok Palace in Seoul, Sunday. Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>A foreign tourist takes a selfie in front of the Gyeongbok Palace in Seoul, Sunday. Yonhap<\/p>\n<p class=\"editor-p\"> Credit card spending by foreigners in June surged to nearly 10 times the level from three years earlier amid a sharp increase in overseas visitors, a report showed Tuesday.<\/p>\n<p class=\"editor-p\">According to a report by Korea Credit Data (KCD), the monthly index of revenues from overseas credit cards at local merchants reached 960 in June, sharply up from 100 in January 2023.<\/p>\n<p class=\"editor-p\">The index has steadily increased over the cited period, except for some seasonal declines.<\/p>\n<p class=\"editor-p\">The KCD report also showed that overseas credit card revenues accounted for 1.2 percent of total revenues in June, up from 0.2 percent in January 2023.<\/p>\n<p class=\"editor-p\">Over the past 12 months, 65 percent of revenues from overseas credit cards were generated in Seoul, followed by 11 percent in Gyeonggi Province and 8 percent in Busan.<\/p>\n<p class=\"editor-p\">By sector, 40 percent of revenues in the service sector came from dermatology clinics, while 14 percent came from plastic surgery clinics.<\/p>\n<p class=\"editor-p\">In the retail sector, 28 percent of revenues came from fashion and clothing shops, while Korean food restaurants accounted for 19 percent of revenues in the food service sector.<\/p>\n<p class=\"editor-p\">On average, foreigners spent 166,000 won ($117) in the service sector, compared with 47,000 won spent by Korean nationals.<\/p>\n<p class=\"editor-p\">They spent an average of 32,000 won in the retail sector, and 33,000 won in food and beverages.<\/p>\n<p class=\"editor-p\">Korea attracted 10.7 million foreign visitors in the first half of the year, up 21.3 percent from the same period in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"A foreign tourist takes a selfie in front of the Gyeongbok Palace in Seoul, Sunday. Yonhap Credit card&hellip;\n","protected":false},"author":2,"featured_media":589546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-589545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=589545"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/589546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=589545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=589545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=589545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}