Household Spending on Food Grew in First 9 Months of 2017

SEOUL, Feb. 20 (Korea Bizwire) – South Koreans’ household spending on food rose for the first nine months of last year, a sign of weak recovery in private consumption, data showed Tuesday. Households spent a total of 573.6 trillion won (US$537.3 billion) during the January-September period, up 3.3 percent from a year earlier, according to the data from the Bank of Korea. At the same time, household spending on food items rose 4.7 percent on-year to 78.9 trillion won. Based on the data, the [...]