According to a survey by Rakuten Insight on panic buying after the coronavirus outbreak in April 2020, around 45 percent of South Korean respondents stated that they bought goods in bulk as they were afraid supermarkets or shops would run out of certain items soon. In the same survey, around 15.4 percent of South Korean respondents said they had engaged in panic buying.
Leading reasons to buy goods in bulk due to coronavirus (COVID-19) in South Korea in 2020
Characteristic
Share of respondents
I am afraid that the supermarket/shops would run out of these items soon
44.96%
I think I/my household might be quarantined soon and would not be able to buy groceries
27.29%
I was influenced by the other shoppers
13.54%
I am buying for other family members/friends not in my household
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Rakuten Insight. (May 8, 2020). Leading reasons to buy goods in bulk due to coronavirus (COVID-19) in South Korea in 2020 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1120955/south-korea-drivers-for-stockpiling-after-coronavirus-outbreak/
Rakuten Insight. "Leading reasons to buy goods in bulk due to coronavirus (COVID-19) in South Korea in 2020." Chart. May 8, 2020. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1120955/south-korea-drivers-for-stockpiling-after-coronavirus-outbreak/
Rakuten Insight. (2020). Leading reasons to buy goods in bulk due to coronavirus (COVID-19) in South Korea in 2020. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1120955/south-korea-drivers-for-stockpiling-after-coronavirus-outbreak/
Rakuten Insight. "Leading Reasons to Buy Goods in Bulk Due to Coronavirus (Covid-19) in South Korea in 2020." Statista, Statista Inc., 8 May 2020, https://www.statista.com/statistics/1120955/south-korea-drivers-for-stockpiling-after-coronavirus-outbreak/
Rakuten Insight, Leading reasons to buy goods in bulk due to coronavirus (COVID-19) in South Korea in 2020 Statista, https://www.statista.com/statistics/1120955/south-korea-drivers-for-stockpiling-after-coronavirus-outbreak/ (last visited October 30, 2024)
Leading reasons to buy goods in bulk due to coronavirus (COVID-19) in South Korea in 2020 [Graph], Rakuten Insight, May 8, 2020. [Online]. Available: https://www.statista.com/statistics/1120955/south-korea-drivers-for-stockpiling-after-coronavirus-outbreak/
