It
seems there might be a reason why Koreans don't carry a lot of cash in their
wallets. The number of credit card transactions in Korea was the highest in the
world in 2011, according to data released by the Bank of Korea on Monday.
It shows Korea's per-capita credit card transactions stood at 130, up more than 10 percent from a year earlier. Canada and the United States followed, with 90 and 78, respectively.
The central bank says the government promoted the use of credit cards as a means to boost domestic demand and tax revenue after the Asian financial crisis in 1997.
It shows Korea's per-capita credit card transactions stood at 130, up more than 10 percent from a year earlier. Canada and the United States followed, with 90 and 78, respectively.
The central bank says the government promoted the use of credit cards as a means to boost domestic demand and tax revenue after the Asian financial crisis in 1997.
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