South Korea Sees Record Decline in Alcohol Consumption

[Graphic News] Korea’s alcohol consumption sees record decline

South Koreans’ spending on alcoholic beverages posted its steepest decline on record in the first quarter, extending a prolonged downturn in alcohol consumption. Average monthly household spending on alcoholic beverages, adjusted for inflation, fell 9 percent on-year to 13,000 won ($8.60) in the January-March period, according to data from the Korean Statistical Information Service. The decline was the largest since comparable quarterly data became available in 2019. Real spending on alcohol has

By The Korea Herald