Younger Generations’ Spending Hit Harder by Rate Hikes: KDI

SEOUL, April 26 (Korea Bizwire) — South Korea’s rate hike measures have weighed heavily on people’s spending, particularly impacting those in their 20s and 30s who have debt, a state-run think tank said Wednesday. A 1 percentage-point hike in the key rate led to a decrease of 132,000 won (US$98.7) in annual spending of South [...]