A survey shows that one out of three consumers will spend less on gifts this upcoming Chuseok holiday.
A survey by CJ Cheiljedang on nine-thousand-200 people shows that 39 percent of respondents are planning to cut their budgets for buying Chuseok gifts.
Sixty percent answered that they will set aside a budget similar to that of previous years. Just one percent said that they will increase spending.
In detail, 31 percent said that they will spend about 50,000 won to 100,000 won on Chuseok gifts. Nineteen percent answered that their budget for Chuseok gifts will be around 100,000 won to 150,000 won.
Fourteen percent said that they will spend 50,000 won or less and nine percent answered that they will set aside 250,000 won or more.
The company attributes consumers’ unwillingness to buy expensive Chuseok gifts to the economic slump.
A survey by CJ Cheiljedang on nine-thousand-200 people shows that 39 percent of respondents are planning to cut their budgets for buying Chuseok gifts.
Sixty percent answered that they will set aside a budget similar to that of previous years. Just one percent said that they will increase spending.
In detail, 31 percent said that they will spend about 50,000 won to 100,000 won on Chuseok gifts. Nineteen percent answered that their budget for Chuseok gifts will be around 100,000 won to 150,000 won.
Fourteen percent said that they will spend 50,000 won or less and nine percent answered that they will set aside 250,000 won or more.
The company attributes consumers’ unwillingness to buy expensive Chuseok gifts to the economic slump.
