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Face-to-face spending fell, contactless spending rose amid pandemic: KDI Updated: 2021-05-11 10:03:38 KST

The pandemic sparked an over five percent drop in face-to-face household consumption in South Korea last year, while driving a four percent uptick in contactless shopping.
The Korea Development Institute attributes the change to strict social distancing measures and concerns about the virus.
Consumer spending fell for all income groups except the lowest 20-percent implying this group used COVID-19 relief funds to support their spending, rather than for saving.
The institute expects household consumption, and especially face-to-face shopping, to recover once the pandemic wanes.
KOGL : Korea Open Government License
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