economic hardship Archives

Consumers Favor ‘Spicy or Cheap’ Options amid Economic Slowdown

SEOUL, May 8 (Korea Bizwire) — There is a widespread perception in South Korean society that spicy foods or food products sell well during times of economic difficulties. It is often mentioned that the demand for stimulating tastes grows as a way to alleviate stress. Among the items sold by convenience store chain GS25, the [...]

Senior Citizens More Optimistic about Future Economic Hardship than Young, Mature Adults

SEOUL, Oct. 2 (Korea Bizwire) — According to a recent national survey on civil rights focusing on senior citizens, 7 out of 10 young and middle-aged adults said they expected to encounter economic hardship during the rest of the lives. This is in sharp contrast to senior citizens, more than half of whom responded saying [...]