[서울=뉴시스] Reporter Park Min-seok : On the afternoon of The 14th, the streets of Shinchon, Seodaestation, Seoul, are showing a swell. After visiting the Itaewon Club on The 2nd and 5th, all three foreigners who visited The Damotari 5 in Seoul received a confirmed diagnosis of a new coronavirus infection (Corona 19), and one man in his 20s who visited the tavern at the same time received an additional confirmation. 05/14/2020. mspark@newsis.com

[세종=뉴시스] Reporter Oh Jong-taek : Household income increased in the first quarter of this year, but consumer sentiment was extremely frozen due to the new coronavirus infection (Corona 19).

Changes in consumption patterns under the Corona19 impact have been passed down to household spending, and consumer spending has hit an all-time low as the wallet is closed.

Household expenses were KRW 3945,000, a decrease of 4.9% from the same quarter of the previous year, according to the “Household Trends Survey for Q1 2020” released on 21 March by the Office for National Statistics.

Among these, consumer spending decreased by 6.0% compared to the same quarter of the previous year to KRW 2457,000, and non-consumption expenditures decreased by 1.7% to KRW 1067,000.

The average consumption of two or more households in the first quarter was 67.1%. That’s a 7.9 percentage point (p) drop from the same period last year.

The average consumer ism is an indicator of the level of household spending, which has been at its lowest since the statistics were compiled in 2003.

Typically, household spending increased at the beginning of the year compared to the fourth quarter of the previous year, while the first quarter of this year showed a different unusual phenomenon, such as a decrease compared to the last quarter of the previous year.

The Statistics Office explains that this is unusual compared to the decline in consumer spending in 1998 during the International Monetary Fund (IMF) foreign exchange crisis and the 2008 global financial crisis.

Although incomes have increased, the statistics office said that since late February, there has been a surge in corona 19 confirmors, and since March, consumption has declined sharply as the government implements a strong level of social distance.

“In the case of Corona, consumer spending has had a direct impact,” said Jeong, “Because our households surveyed monthly, there was a holiday in January, and although it wasn’t bad until February, there was a large drop in consumer spending since March.”

[서울=뉴시스]According to Choi Jin-seok reporter = agricultural flow information , the average price of the national retail per 100g of domestic pork belly on the 11th rose 14.3% compared to the previous year (1,984 won) and has recorded 2,266 won. This is a new coronavirus infection (Corona 19) in the aftermath, but reduced food and eating out consumption is interpreted to be a rather increased in household consumption as a home-made preference. The photo is displayed at a large-scale mart in Seoul on 12 December. 2020.05.12. myjs@newsis.com

Total household expenses in the first quarter were KRW 3945,000, while double consumption accounted for 72.9% of KRW 2878,000. The remaining 1067,000 won (27.1%) was spent on non-consumption expenses such as taxes and interest.

Looking at itemized consumer spending, the changes caused by Corona 19 were relatively pronounced.

First of all, with fewer eating out and increased meals at home, consumption of food and non-alcoholic beverages increased by 10.5% to KRW 445,000, the highest since statistics were compiled in 2003. Grain processing products (24.2%), vegetables and vegetable processing products (23.2%), meat (13.6%) Consumption increased dramatically.

With the proliferation of Corona19, health care spending increased by 9.9% compared to the same period a year at KRW 272,000. Medical supplies (131.8%) by the purchase of masks Spending increased significantly, and hospitalization services increased by 40.1%.

Transportation spending increased by 4.3% to KRW 342,000, while public transport use (15.6%) decreased due to corona 19, while car purchase spending increased by 20.2% at the beginning of the year due to a combination of reduced individual consumption taxes and the launch of new vehicles in the finished car industry.

With the impact of social distances, travel, leisure and cultural life have decreased, and spending in related sectors has declined the most since statistics were compiled in 2003, which is how much the impact of Corona 19 has been.

Entertainment and cultural spending decreased by 25.6% to KRW 181,000. Due to the decrease in the use of domestic and foreign group travel, performances, and theaters, group travel and cultural services spended decreased by 51.9% and 16.4%, respectively.

[서울=뉴시스] Reporter Park Mi-so : A student with a mask passes by at a school in Daechi-dong, Gangnam-gu, Seoul, on the afternoon of 19 August, amid an increasing number of schools reopening in the epidemic of new coronavirus infections (Corona 19). 03.19/2020. misocamera@newsis.com

School, moisturizing education (-26.6%) and full-time education (-23.7%) as the school is closed and the school is delayed Spending decreased, respectively. As a result, overall education spending decreased by 26.3% to KRW 264,000.

Food and lodging spending dropped by 11.2% to KRW 350,000, with an 11.3% reduction in spending on eating out and entertainment, and a 7.6% decrease in accommodation spending.

In contrast to the increase in clothing and footwear spending ahead of the New Year holidays and new school year, this was reduced by 28.0% to 119,000 won per household. As consumption of clothing, uniforms and sneakers decreased, spending on textiles and other shoes decreased by 29.1% and 30.7%, respectively.

Kang Shin-wook, director of the Statistics Office, said, “The corona impact varies from item to item, but it is relatively clearly observed,” and that “the impact of distance restrictions has been reflected in the consumer spending sector, resulting in a significant reduction in spending on food, accommodation, and education.”

In January-March, the average monthly income of households nationwide was KRW 5358,000. This increased by 3.7% compared to the same period the previous year, with increased working income (1.8%) and business income (2.2%), and previous income (4.7%), such as public pensions, increased by a small level in household income, but also non-ordinary income (79.5%), such as ordinary income, retirement benefits, and actual insurance.

Mr. Kang said, “The increase in income is due to the fact that the corona’s influence has not yet been seen in the income sector in this quarter,” adding, “In January and February, income increased due to the expansion of jobs, and the expansion of public transfer income has become more and more inclined on a monthly basis, such as a decrease in overall income.”

[세종=뉴시스]Kang Jong-min, director of the Statistics Bureau, announces the results of the household trends survey for the first and fourth quarter of 2020 at the Government Tax Office on the morning of 21 August. The average monthly income per household was KRW 5358,000, an increase of 3.7% from the previous quarter, and household spending was KRW 3945,000, a decrease of 4.9% from the previous quarter. 21.05.21. ppkjm@newsis.com

☞Ohjt@newsis.com The Associated Press



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