An interesting article in Business Week discusses how South Korea transformed from a nation of savers to a nation of spenders, with 5 credit cards per capita according to the Bank of Korea. Savings dropped to 3.4% and the country spends heavily on credit cards now. China has very low credit card usage but with the surge in consumerism, there may be an increase in such usage in the near term.
Cristian Agafitei2013-11-16T09:57:09-08:00November 12th, 2013|Categories: Uncategorized|
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