Foreigners' credit card spending surges nearly 10-fold in June from 2023 level: report

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. According to a report by Korea Credit Data, the monthly index of revenues from overseas credit cards at local merchants reached 960 in June, sharply up from 100 in January 2023. The index has steadily increased over the cited period, except for some seasonal declines. The KCD report also showed that overseas credit card reven