Last year's real consumer expenditure decreases for the first time in five years as the school-age population declines and education spending falls
Last year's real consumer expenditure showed a decrease for the first time in five years, largely due to falling education expenses amid a declining school-age population in South Korea.
Household expenditure survey shows a 0.9% increase in spending from the previous year, surpassing last year's figures for the first time in three years
According to a survey by the Ministry of Internal Affairs and Communications, household spending for two or more person households increased by 0.9% in real terms compared to the previous year, marking the first increase in three years.