Yonhap News AgencyMarch 3, 2014 22:03
SEOUL, March 4 (Yonhap) -- South Korea's credit card spending grew at the fastest pace in 14 months in January, data showed on Tuesday, amid signs that the local economy is on a recovery track.
Purchases made with credit cards reached 46.9 trillion won (US$43.8 billion) in January, growing 9 percent from a year earlier, the largest gain since November 2012, according to the data compiled by the Credit Finance Association.
The data includes transactions on credit, debit and prepaid cards. Cash advances, overseas spending and card loans were not included.