Clothing Expenditure Falls to Record Low Amid Sluggish Demand and Warm Weather

SEOUL, Dec. 2 (Korea Bizwire) – Spending on clothing and footwear in South Korea has dropped to its lowest share of consumer expenditures, as domestic demand remains weak and unseasonably warm weather curbs the need for fall apparel.  Data from Statistics Korea shows that in the third quarter of 2024, average monthly consumer spending per [...]