[Graphic News] Korean overseas consumption hits record high
IndustrySept 7, 2016
Korean households spent 13.61 trillion won ($12.27 billion) overseas in the first half of the year, 10.7 percent higher than the same period last year, the central bank said Wednesday.The figure compiled by the Bank of Korea excludes the money spent by Koreans on online overseas shopping or on business trips. The steep increase in overseas consumption appears to be correlated to the rise in the number of Koreans leaving the country for holidays, according to reports.The number of overseas travel