Seoulites Spend W1.43 Million a Month

      July 06, 2018 13:00

      Seoul citizens spent an average of W1.43 million a month last year, with the highest spending in Seocho district (US$1=W1,119). Spending rose the fastest in Dongdaemun in the last three years.

      The figures come from analysis by Shinhan Bank of 1.31 million customers in Seoul in December last year.

      Their spending included cash, debit and credit card transactions, medical expenses, apartment service charges, utility and mobile phone bills.

      People in Seoul spent W200,000 per month in cash, W760,000 on credit cards, W260,000 on debit cards, and W40,000 on utility bills.

      Seocho's median spending was the highest at W2.02 million, followed by W1.95 million in Gangnam and W1.61 million in Yongsan. In Seocho, Banpo-dong had the highest spending figure of W2.23 million, and in Gangnam the highest average was in Apgujeong-dong at a whopping W3.02 million.

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