FINWIRES · TerminalLIVE
FINWIRES

Credit Card Spending in South Korea Rises 7.6% in Q2

By

Credit card spending in South Korea rose 7.6% to 336.9 trillion won in the April-June quarter from a year earlier, Credit Finance Association data showed Thursday.

The number of approved card settlements climbed 6% to 7.96 billion in the second quarter from the same period last year.

The total card approval amount growth rate rose to 7.6% in Q2 from 7.2% in Q1, while card approval volume growth increased to 6% from 5.1% during the period.

Consumption improved on higher income, strong semiconductor demand, and government policies aimed at stabilizing prices and supporting public livelihoods. This helped sustain robust card spending growth.

Related Articles

International

SMMT: UK's Total Vehicle Production Down 1.2% in June

Britain's total vehicle manufacturing dropped 1.2% year over year to 68,200 units in June, the Society of Motor Manufacturers and Traders said Thursday.Car production slipped 1.3% to 65,483 units, while commercial vehicle output edged up 1% to 2,717 units.For the six months to June, total vehicle manufacturing fell 7.5% annually to 385,979 units.

FTSE 100
International

UAE Central Bank Keeps Base Rate at 3.65% in July

The Central Bank of the United Arab Emirates on Wednesday maintained the base rate applicable to the overnight deposit facility at 3.65%.Meanwhile, the interest rate applicable to borrowing short-term liquidity was kept at 50 basis points above the base rate for all standing credit facilities.The CBUAE's decision follows the US Federal Reserve's move to maintain the interest rate on reserve balances.

^DFMGI^FADGI
International

Total Dwellings Approved in Australia Rise in June

The number of total dwellings approved in Australia in seasonally adjusted terms recorded an increase of 7.2% month on month to 18,328 in June and 8.9% year on year, according to figures from the Australian Bureau of Statistics released on Thursday.The number of total dwellings approved in June 2025 was 17,076, an earlier release showed.Approvals for total dwellings showed mixed results in different states in June, with increases in Queensland, New South Wales, and Western Australia, whereas decreases were noted in Tasmania, Victoria, and South Australia.Private sector houses increased by 0.4% to 10,631 units in June after rising 2.4% in May, while private sector dwellings, excluding houses, saw a rise of almost 18% to 7,138 units after an 11% fall in May.Total residential building value grew past 15% to AU$11.75 billion, while total non-residential building value decreased by about 25% to AU$8.26 billion.

ASX 200