Private consumption and retail sales have largely stagnated since 2011 following an economic rebound in 2010 from the 2008-09 global crisis. The prolonged housing market slump and the large overhang of household debt have delayed any sustained recovery in consumer spending.
South Korea's changing demographics provide long-term challenges to domestic and foreign retailers. The rapidly ageing population and low birth rate are causing profound changes in consumption patterns.
In the early part of the forecast period, growth in consumption in South Korea will remain somewhat constrained by high levels of household debt, but the pace of growth will gradually accelerate, partly reflecting government efforts to reform the labour market and boost the services sector.

Consumer goods and retail report 2

Overview 2

Retail 3

Food and drink 6

Non-food products 10

Industry publishing schedule 14

中国科学技术信息研究所