In 2023, household expenditure on leisure in South Korea stood at approximately 70 trillion South Korean Wons. Forecasted data shows a consistent uptick over the coming years: 71.718 trillion in 2024, 73.541 trillion in 2025, 75.345 trillion in 2026, 77.131 trillion in 2027, and 78.9 trillion in 2028. This represents a year-on-year growth of approximately 2.5% to 2.7%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 2.5%, indicating steady growth in household leisure spending.
Future trends to watch for include the increasing influence of digital and online leisure activities, the impact of economic conditions on discretionary spending, and demographic shifts such as an aging population that may affect leisure preferences and expenditures.
