Treasury & Capital Markets
South Korean card payments to reach almost US$1 trillion in 2024
Consumers on average hold 5.9 cards each, using them 98.9 times per card each year, but economic uncertainties and rising inflation tempering spending habits
Tom King
17 Jul 2024
The South Korean card payments market is forecast to grow by 5.9% to US$974.3 billion in 2024, supported by high consumer preference for electronic payments.
