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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

[Monitor] Consumption drops rapidly upon coronavirus

Decline in consumption in 3 weeks of Feb.

By Korea Herald

Published : March 2, 2020 - 16:28

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With the vast spread of COD-19 across the nation, consumption rapidly dropped in February, particularly among offline businesses.

According to data provided by the Finance Ministry, lodges nationwide saw their revenue drop by 17.7 percent, 10.8 percent and 24.5 percent in the first, second and third week of last month, respectively, compared to the same period last year.

Restaurants saw their revenue drop 9.6 percent, 2.0 percent and 14.2 percent, respectively.

Sales at department stores also dropped, by 22.6 percent, 1.9 percent and 20.6 percent in the three weeks.

(khnews@heraldcorp.com)

Korea Herald
Korea Herald
Articles by Korea Herald

[Monitor] Consumption drops rapidly upon coronavirus

Decline in consumption in 3 weeks of Feb.

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