South Korean household spending on alcoholic beverages decreased by 9% year-on-year in the first quarter, the largest drop in seven years
South Korean households significantly reduced their spending on alcoholic beverages in the first quarter, marking a 9% decrease and the largest drop in seven years. This trend is attributed to evolving drinking habits and a growing emphasis on health among the population. The average monthly expenditure on alcohol, adjusted for inflation, fell to approximately $8.58. AI