South Korea consumer survey Which groups are facing increasing financial stress amid COVID-19 in South Korea?

UBS Evidence Lab asked 1,000 South Korean consumers how they have been affected by Covid-19. Overall, it has brought high financial stress and unemployment concerns.

08 May 2020

Despite social distancing, more than 60% of employees are still going to work as usual. Fewer than 20% are mostly or entirely working from home.
Approximately one-third of employees have not felt a significant impact from Covid-19. Another 35% have seen their income decrease, though they get more leave in compensation.
Around 20% are afraid they will lose their job or their business won't survive. This figure is significantly higher among low-income respondents.
43% of respondents feel they are under moderate or high financial stress, especially those with low incomes (below 3m won).
Those who go to work as usual are under less stress than those who are working from home.