New Market Study Published: Luxury Goods in South Korea
In 2012, South Korea's luxury goods market registered positive growth both in retail value and volume terms. High-end personal luxury goods, including jewellery and watches performed well, despite the economic downturn in South Korea. The global financial crisis caused many ordinary consumers to cut down their consumption but it did not affect luxury buyers significantly. At the same time, the strategy of expanding the consumer base to include the younger generations also positively contributed...
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