spending Archives | Be Korea-savvy
Low-income Tier Spends Half of Disposable Income on Food amid Soaring Consumer Prices

Low-income Tier Spends Half of Disposable Income on Food amid Soaring Consumer Prices

SEOUL, Nov. 22 (Korea Bizwire) — The lower income tier spent more than half of its disposable income on food in the third quarter of this year, with consumers directly exposed to surging prices, the statistics agency said Monday. Statistics Korea’s Household Income and Expenditure Survey showed that households located in the lower 20 percent [...]

Online Shopping Spending Picks Up After Social Distancing Rules Lifted

Online Shopping Spending Picks Up After Social Distancing Rules Lifted

SEOUL, May 24 (Korea Bizwire) — Online shopping spending increased after social distancing rules were lifted. According to the survey conducted jointly by local e-commerce platforms Gmarket and Auction of 5,320 customers, 51 percent of the respondents said their spending increased somewhat in May after social distancing rules were fully lifted, followed by 26 percent [...]

Young Single-person Households’ Spending on Drinking, Smoking and Lottery Tickets Up Sharply Post-pandemic

Young Single-person Households’ Spending on Drinking, Smoking and Lottery Tickets Up Sharply Post-pandemic

SEOUL, Feb. 3 (Korea Bizwire) — In the third quarter of last year, which marked the second year of the COVID-19 pandemic, single-person households consisting of young people under 40 years of age marked a sharp increase in their spending on drinking and smoking compared to a year earlier. This group’s monthly spending for purchases [...]