April 25, 2024
Finance
[GRAPHIC NEWS] S.Koreans' overseas spending hits record high in 2016
[THE INVESTOR] South Koreans spent a record high amount overseas last year as more people went on overseas trips, data from the central bank showed on April 2.
According to the data compiled by the Bank of Korea, South Koreans spent 28.93 trillion won (US$25.9 billion) won, fromthe previous year.
The 2016 tally marks the highest since the central bank began to compile related data in 1970.
South Koreans' overseas spending has been on a sharp rise, reaching 26.7 trillion won in 2015, 23.1 trillion won in 2014, 22.76 trillion won in 2013 and 21.9 trillion won in 2012, the data showed.
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