South Korea’s overseas check card spending hit a record high in October, driven by a surge in outbound travel during the extended Chuseok holiday, with major issuers seeing rapid growth in travel-focused card usage.
#YonhapInfomax #OverseasCheckCard #ChuseokHoliday #HanaCard #CreditCardSpending #OutboundTravel #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=91848
Overseas Check Card Spending Hits All-Time High in October—Boosted by Chuseok Holiday Travel
South Korea’s overseas check card spending hit a record high in October, driven by a surge in outbound travel during the extended Chuseok holiday, with major issuers seeing rapid growth in travel-focused card usage.
67,000 Businesses Closed in June, Up 5,000 From Previous Month—1,000 More Restaurant Closures
South Korea saw 67,000 business closures in June, up 5,000 from the previous month, with the restaurant sector leading the increase; credit card spending rose overall but declined in key consumer sectors.
South Korea's 20.2 trillion won supplementary budget aims to revive consumption, with early signs of recovery seen in sentiment and card spending; stimulus coupons and targeted support are expected to boost domestic demand, though inflation and global risks remain headwinds.
#YonhapInfomax #SupplementaryBudget #ConsumptionCoupons #CreditCardSpending #BankOfKorea #PrivateConsumption #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=68734South Korea’s consumer sentiment has rebounded since mid-May, with the Bank of Korea expecting gradual improvement in consumption amid supportive fiscal and monetary policies, while inflation is projected to stabilize near 2% despite structural headwinds.
#YonhapInfomax #BankOfKorea #ConsumerSentiment #Inflation #SupplementaryBudget #CreditCardSpending #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=68143
Bank of Korea Sees Consumer Sentiment Rebound Since Mid-May—Gradual Improvement Expected
South Korea’s consumer sentiment has rebounded since mid-May, with the Bank of Korea expecting gradual improvement in consumption amid supportive fiscal and monetary policies, while inflation is projected to stabilize near 2% despite structural headwinds.
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