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Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

South korea Textiles, apparel and luxury goods / Thematic (Sector/Industry)

<p>As one of the leading Asian consumer markets, South Korea provides ample opportunities for luxury goods companies across many categories. Stable economic growth, low income inequality, and the industrial hubs of Seoul and Gyeonggi-do have fuelled spending on luxury goods and high-end services. However, the population is ageing and youth unemployment is high. While the minimum wage has been raised, social welfare is still inadequate.</p>

As one of the leading Asian consumer markets, South Korea provides ample opportunities for luxury goods companies across many categories. Stable economic growth, low income inequality, and the industrial hubs of Seoul and Gyeonggi-do have fuelled spending on luxury goods and high-end services. However, the population is ageing and youth unemployment is high. While the minimum wage has been raised, social welfare is still inadequate.

South Korea Faces Luxury Aberrations and External Shocks

Textiles, Apparel and Luxury Goods

South Korea Faces Luxury Aberrations and External Shocks