consumer confidence Archives | Be Korea-savvy
Koreans Are Spending Less Across All Age Groups, New Report Finds

Koreans Are Spending Less Across All Age Groups, New Report Finds

SEOUL, June 2 (Korea Bizwire) — South Koreans are spending a smaller share of their income than they did a decade ago, signaling deeper shifts in household behavior amid demographic and economic changes, according to a new report released by the Korea Chamber of Commerce and Industry (KCCI). The report, titled “Changes in Consumption Propensity by [...]

Domestic Consumption Faces Long-Term Decline Amid Structural Shifts

Domestic Consumption Faces Long-Term Decline Amid Structural Shifts

SEOUL, April 24 (Korea Bizwire) —  South Korea’s domestic consumption has entered a prolonged downward trend, driven not by short-term disruptions like COVID-19 or inflation, but by deep-rooted structural issues such as demographic aging, employment patterns, and industrial shifts, according to a new report released on April 23, 2025, by the Korea Chamber of Commerce and [...]

Koreans Deem Political Stability Crucial amid Political Turmoil: Nielsen

Koreans Deem Political Stability Crucial amid Political Turmoil: Nielsen

SEOUL, March 7 (Korea Bizwire) – After months of political scandals that have left the nation much divided, political stability is now of great importance to South Koreans.  According to Nielsen’s latest report on consumer confidence, “economy” was the biggest concern for 33 percent of Korean consumers in the previous quarter (Q4 2016), followed by [...]

Households Brace for Gloomy Economic Conditions in 2017

Households Brace for Gloomy Economic Conditions in 2017

SEOUL, Dec. 30 (Korea Bizwire) – Forty-two percent of South Korean households believe their economic conditions will deteriorate next year, according to a survey by Gallup Korea released Friday.  The survey suggested that South Korea’s consumer confidence has sharply eroded amid uncertainties in the troubled shipping and shipbuilding sectors, and an ongoing influence-peddling scandal involving [...]