S. Koreans interest in money-making strategies increases sharply during pandemic

Interest in money-making strategies increased sharply among South Koreans after the outbreak of the COVID-19 pandemic, according to a survey by travel platform operator Yanolja of 1,344 customers in their 20s to 40s.

The survey revealed that money-making strategies ranked number one at 38.8 percent, followed by food ingredients and health food at number 2.

The younger generation who started trading in stocks has increased sharply since the benchmark Korea Composite Stock Price Index (KOSPI) performed well from last year, according to Yanolja.

It was also shown that the share of the respondents interested in travel dropped from 64.2 percent for the top spot before COVID-19 to 19.2 percent at number five during the outbreak.

Of the respondents, 80 percent said they were traveling less following the outbreak of the COVID-19, with 4.7 percent saying they were traveling more.

The number of respondents purchasing leisure items online jumped sharply from 47 percent before COVID-19 to 79.4 percent post-COVID-19.

Meanwhile, premium hotel reservations booked through Yanolja’s app last year marked a sharp on-year growth of 185.4 percent.