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Korean card spending on Japanese brands cut in half amid boycott

2019-08-15 7 Dailymotion

South Korea's card spending on Japanese brands has halved.<br /> According to data from 8 major card companies, spending on such items during the last week of June was 8-point-4 million U.S. dollars, but that shrank to about 4 million during the last week of July.<br />Amid the widening boycott of Japanese products, brands like ABC Mart and DHC were affected, and Uniqlo saw its sales plunge 70%.<br />This comes despite overall card spending actually increasing during that period.<br />Card spending at four major Japanese tourist destinations including Tokyo and Osaka also decreased by a fifth. <br />

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