Koreans Most Active Card Users in Asia

South Koreans spent $181.2 billion using credit cards in 2005, becoming the most active users of plastic for payment in the Asia-Pacific region, according to Nielson Media Research, a global research firm.

In its latest report on credit card spending patterns around the world, the firm said South Korea ranked first in transaction volume using cards in the Asia-Pacific region in 2005. Japan came next with $151.3 billion, followed by Australia with $131.5 billion.

The Credit Finance Association (CFA), which represents the interests of Korean card issuers, said the country emerged as the largest credit card market in the region in 2005 on the government’s strong encouragement of their use as a payment method.

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