The Korean economy faces a slowdown, marked by households cutting food expenses for the first time since the Asian Financial Crisis. Surprisingly, a bustling airport on a Wednesday night tells a different story, while local joints like Shake Shack experience an unexpected downturn, raising questions about spending priorities amidst economic uncertainties.
Interestingly, it's dinner time, and Shake Shack is semi empty despite the miriads of people passing by. I guess travelers are saving up as much as they can to spend it abroad pic.twitter.com/Z624jYQ4Dy
— Kimchi Premium (@kimchipump) February 7, 2024
Korea's consumer price inflation drops to 2% range
— Kimchi Premium (@kimchipump) February 2, 2024