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Spending on Alcohol, Tobacco Hits Record High in Q3 amid Pandemic

Spending on Alcohol, Tobacco Hits Record High in Q3 amid Pandemic

SEOUL, Jan. 5 (Korea Bizwire) — South Koreans’ spending on liquor and cigarettes reached an all-time high in the third quarter of 2020 amid the coronavirus outbreak, central bank data showed Tuesday. Local households spent 4.3 trillion won (US$3.96 billion) on alcohol and cigarettes in the July-September period, up 6.2 percent from a year earlier, [...]

Households’ Q3 Spending on Liquor, Tobacco Hits New High amid Pandemic

Households’ Q3 Spending on Liquor, Tobacco Hits New High amid Pandemic

SEJONG, Nov. 25 (Korea Bizwire) — South Korea’s household spending on alcohol and cigarettes reached a new record high in the third quarter as the coronavirus outbreak forced more people to stay home, government data showed Wednesday. Local households spent an average of 42,980 won (US$38.7) on liquors and cigarettes during the July-September period, up [...]