May 17, 2022 13:06
Sales in major commercial districts in Seoul surged 60 percent in the evenings after the curfew was lifted last month.
Private consumption recovered quickly in major shopping areas like Itaewon and trendy university neighborhoods.
KB Kookmin Card on Monday published card spending data from 17 areas of business, including restaurants, karaoke parlors and movie theaters from before and after lockdown was eased.
It found that the number of transactions surged 44 percent. In Yongsan, sales jumped 76 percent, followed by Seongbuk (71 percent) and Gwangjin (70 percent). Yongsan's Itaewon area saw sales surge 180 percent, the highest in the capital. Sales increase particularly after 6 p.m. and among young consumers -- 209 percent for people in their 20s and 240 percent among consumers in their 30s.
Universities have also returned to off-line classes, which has led to a recovery among nearby stores and restaurants. Businesses in Anam-dong in Seongbuk near Korea University saw sales surge 93 percent, while in Namhyeon-dong in Gwanak near Seoul National University sales jumped 92 percent.
Sales also grew 91 percent in Hwayang-dong in Gwangjin near Konkuk University and 90 percent in Heukseok-dong in Dongjak near Chungang University.
In downtown business areas like Eulji-ro and Pil-dong sales also rose 103 percent and 100 percent.
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