Credit card spending in South Korea is expected to top 700 trillion won (US$634 billion) this year, but credit issuers' profitability may not improve largely due to a fall in spending by individual cardholders, data showed on Sunday.
Credit card spending in the country last year was estimated at 690 trillion won, and the comparable figure for this year is 701 trillion won, according to the data compiled by KB Financial Group, the country's top banking group.