Luxury goods market in South Korea - statistics & facts
South Korean consumers are very trend-aware while being interested in fashion, and even in the only recently recovering apparel market, high-end fashion has been leaving its mark. Driven by consumers from the MZ generation with larger disposable income, South Korea is expected to be a leader in the luxury goods market in the Asia-Pacific region, placing just behind Australia in terms of revenue. Not stopping there, the country also managed to place among the top markets for luxury items worldwide.
