Tag: retail sales

retail sales

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Consumers drag their feet: Retail sales take a 1.7% hit in February

A pedestrian walks past a shoe store in the shopping district of Myeong-dong in central Seoul on April 1.

2025.4.1

A customer shops at a store in central Seoul on Dec. 23, 2024. [NEWS1]

Korea's retail sales see biggest drop in 21 years despite solid industrial output

Korea's retail sales, a key indicator of private spending, fell by the most in 21 years in 2024, marking the third consecutive year of decline, despite solid industrial output, data showed Monday.

2025.2.3

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A banner on a closed restaurant in downtown Seoul advertising the space for rent on Sunday. [NEWS1]

All pain, no gain for retailers as index posts biggest drop in 21 years

Retail sales in the first 11 months of last year fell 2.1 percent on year as Koreans cut back on spending on all types of goods.

2025.1.12

Containers are stacked at Busan Port on Thursday. [NEWS1]

Korea's manufacturing sector slumps to 25 years low

Korea's manufacturing sector output fell to its lowest level in 25 years in 2023 mainly due to weak demand for semiconductors amid an industry downcycle.

2024.1.31

Customers walk around a shopping mall in Seoul on Christmas Day, 2023. [YONHAP]

Korean retail sales fall for first time in 20 years in first 11 months of 2023

Korea's retail sales in the first 11 months of 2023 fell for the first time in 20 years as high consumer prices curbed spending, government data showed Monday.

2024.1.1

A government official looks around SK hynix's semiconductor factory in Cheongju, North Chungcheong. [NEWS1]

Korea's industrial output inches up in November on strong chip sector

Industrial production rose 0.5 percent on-month after a 1.8 percent decline logged a month earlier, according to Statistics Korea data released Wednesday.

2023.12.28

Industrial output fell in October on a marked decline in the production of the semiconductor sector. Pictured is a semiconductor displayed at the SEDEX semiconductor convention held in October. [NEWS1]

Korea's industrial output, consumption, investment all fall in October

The three measures indicating the state of domestic industrial activity, output, consumption and investment, all fell in October, data showed on Tuesday.

2023.11.30

An official from Statistics Korea speaks during a briefing on monthly industrial output in the central city of Sejong on Aug. 31, 2023. [YONHAP]

Key economic indicators fall in July amid global uncertainty

Korea saw a trio of key economic indicators — industrial output, retail sales and facility investment — fall in July, as the effects of an economic downturn in China and sluggish automobile sales kick in.

2023.8.31

Korean industrial output rises for first time in five months

Industrial output rebounded for the first time in five months in November, data showed Thursday, while retail sales extended losses for the third consecutive month amid economic concerns.

2022.12.29

A port in Ulsan, packed with cars set to be exported on Sept. 16 [YONHAP]

Industrial output falls for 3rd month; retail sales, facility investment retreat in September

Korea's industrial output fell in September for the third month in a row, data showed Monday, with retail sales and facility investment also losing ground, hinting the country's economic recovery may be losing steam.

2022.10.31