According to a survey by Rakuten Insight on panic buying due to the coronavirus outbreak in South Korea in 2020, the majority of respondents who engaged in panic buying stated that they felt safe afterwards. Overall, younger people were most likely to feel safer by panic buying. In contrast, nearly thirty percent of people older than 55 years old said they did not feel safe even after panic buying. Of the almost ten thousand Koreans surveyed, only 15.4 percent took part in panic buying.
Share of people feeling safe after buying goods in bulk due to coronavirus (COVID-19) in South Korea in 2020, by age
among female and male respondents that engaged in panic buying
Method of interview
Online survey
Supplementary notes
Original question: Did stockpiling on these items make you feel safe in the current situation?
The survey was conducted among 793 female and 684 male respondents.
The survey was conducted among
152 respondents aged 16 to 24 years,
559 respondents aged 25 to 34 years,
489 respondents aged 35 to 44 years,
215 respondents aged 45 to 54 years and
62 respondents aged 55 years and older.
Other surveyed countries included China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore and Taiwan.
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Rakuten Insight. (May 8, 2020). Share of people feeling safe after buying goods in bulk due to coronavirus (COVID-19) in South Korea in 2020, by age [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1120448/south-korea-if-stockpiling-made-people-feel-safe-in-the-coronavirus-covid-19-outbreak-by-age/
Rakuten Insight. "Share of people feeling safe after buying goods in bulk due to coronavirus (COVID-19) in South Korea in 2020, by age." Chart. May 8, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1120448/south-korea-if-stockpiling-made-people-feel-safe-in-the-coronavirus-covid-19-outbreak-by-age/
Rakuten Insight. (2020). Share of people feeling safe after buying goods in bulk due to coronavirus (COVID-19) in South Korea in 2020, by age. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1120448/south-korea-if-stockpiling-made-people-feel-safe-in-the-coronavirus-covid-19-outbreak-by-age/
Rakuten Insight. "Share of People Feeling Safe after Buying Goods in Bulk Due to Coronavirus (Covid-19) in South Korea in 2020, by Age." Statista, Statista Inc., 8 May 2020, https://www.statista.com/statistics/1120448/south-korea-if-stockpiling-made-people-feel-safe-in-the-coronavirus-covid-19-outbreak-by-age/
Rakuten Insight, Share of people feeling safe after buying goods in bulk due to coronavirus (COVID-19) in South Korea in 2020, by age Statista, https://www.statista.com/statistics/1120448/south-korea-if-stockpiling-made-people-feel-safe-in-the-coronavirus-covid-19-outbreak-by-age/ (last visited December 22, 2024)
Share of people feeling safe after buying goods in bulk due to coronavirus (COVID-19) in South Korea in 2020, by age [Graph], Rakuten Insight, May 8, 2020. [Online]. Available: https://www.statista.com/statistics/1120448/south-korea-if-stockpiling-made-people-feel-safe-in-the-coronavirus-covid-19-outbreak-by-age/
