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South Korean Department Store Sales Gain Most in 8 Months

Jan. 18 (Bloomberg) -- Sales at major South Korean department stores gained the most in eight months in December as consumers stepped up shopping in the holiday season.

Outlays at the three biggest chains rose 11 percent from a year earlier after a 0.5 percent fall in November, the Ministry of Knowledge Economy said in a statement today. Discount-store sales increased 3.7 percent, today’s report showed.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net;

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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