A Hanwha Aerospace engineer works on a KAAV (Korean Amphibious Assault Vehicle) at Hanwha Aerospace factory in Changwon, South Korea, March 16, 2023. REUTERS/Kim Hong-Ji/File photo SEOUL  -South Korea's government prepared measures to boost consumer spending as data on Thursday showed retail sales plunged in July by the most in three years amid high inflation and aggressive interest rate hikes. Retail sales dropped 3.2 percent on a seasonally adjusted basis in July from a month earlier, the first monthly fall in three after gains of 0.

https://business.inquirer.net/418435/south-korea-prepares-measures-to-boost-spending-as-retail-sales-plunge

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