SEOUL, Jun. 20 (Korea Bizwire) – As high interest rates and soaring inflation persist, domestic consumption in South Korea has been on a downward trajectory for five consecutive months, according to BC Card. The credit card company reported on June 19 that sales across seven major sectors have declined month-over-month compared to the same period last [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s propensity to consume fell to a 13-year low in 2017 as households tightened their purse strings amid a sluggish economy, central bank data showed Thursday. The average consumption propensity, or the ratio of total private and government spending to disposable income, stood at 78.9 percent, down 0.2 [...]
SEOUL, Apr. 24 (Korea Bizwire) — Consumer spending has risen in South Korea amid fears over fine dust, a new big data study has revealed. Lotte’s membership brand L.POINT said on Monday that consumer spending in March rose by 3 percent compared to the previous month. L.POINT revealed that sales of products associated with combating fine [...]