How Sewol ferry tragedy is affecting Korean economy

As the search and rescue operation still continues, news-hungry citizens remained glued to their televisions and cutting back on their spending since the ferry incident took place last week.

Industry analyse that impact of sunken ferry incident seems to have greater impact on household spending as economic activity and credit card sales plunged since ferry incident.

Korean refrain from drinking alcohol after work and go back home early to watch newsflash regarding ferry incidents.
According to Seven-Eleven convenience store analysis, from 16th~20th since the ferry crisis, alcohol sales decreased in revenue (beer 4%, soju 2.4% and wine,whisky 8.4% decline)

Korean movie industry took a huge hit by the tragic event of Sewol ferry as well.
The number of Korean moviegoers on Saturday the 19th, compared to previous weekends and previous years, has dropped dramatically. Last week on the 12th, about 500,000 people were watching movies, this includes Hollywood movies such as "Captain America: The Winter Soldier" and also Korean movies such as "Wandering Blade".
"Captain America" is said to have dropped half of as to "Wandering Blade". The total of 330,000, compare to last week really shows the affects and more of the tragic ferry incident.

Many theme parks, department stores, big marts and hotels saw revenue drop during 16th to 20th as much as 10~20% as well.

revenue drop per card company during 16~20,April