Household spending on alcohol falls for 10th straight quarter to W13,000 a month

The average household in South Korea spent 13,000 won ($8.60) per month on alcoholic beverages in the first quarter of this year, as alcohol consumption continued to lose momentum, government data showed Tuesday.

According to Statistics Korea, the figure was down 9 percent from a year earlier, marking the 10th consecutive quarterly decline and the steepest annual drop since the agency resumed compiling the data on a quarterly basis in 2019.

The sustained decline reflects changing drinking habits ...