Korea Has Most Credit Card Transactions in the World

The number of per capita credit card transactions in Korea was the highest in the world in 2011, according to the Bank of Korea,

They stood at 130 transactions per person per year, up more than 10 percent from a year earlier. Canada and the U.S. followed a long way behind with 90 and 78.

The central bank says the government promoted the use of credit cards as a means to boost domestic consumption and tax revenue after the Asian financial crisis in 1997.