Foreign Card Spending in Korea Jumps Over 50% in First Half as Weak Won Draws Tourists
Updated
Updated · koreajoongangdaily.com · Aug 3
Foreign Card Spending in Korea Jumps Over 50% in First Half as Weak Won Draws Tourists
3 articles · Updated · koreajoongangdaily.com · Aug 3
Summary
Foreign card spending in South Korea rose more than 50% year on year in the first half, signaling a sharp rebound in visitor outlays.
Dermatology, other medical services and cultural experiences drove the increase, showing tourists spent beyond basic shopping and lodging.
A weaker won added to Korea's appeal by making treatments, leisure activities and other purchases cheaper for overseas visitors.
The surge points to stronger tourism-linked consumption in sectors such as beauty, healthcare and entertainment as Korea capitalizes on inbound travel demand.