Credit card spending at convenience stores jumped 19.9% on-year from Jan. to Nov. 2018

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Credit card spending at convenience stores in South Korea is on the rise,... mainly due to the growth in the number of one-person households. According to the Bank of Korea on Sunday, credit card spending at convenience stores totaled around six-point-two billion U.S. dollars from January to November last year. The figure marks an on-year increase of almost 20-percent. Watchers say the rise in single-person households means more people are buying instant meals at the stores. Separate data from Statistics Korea shows the ratio of one-person households in South Korea was 28-point-6 percent in 2017.