Over the past two decades, South Korea has risen into one of the world’s strongest economies, with advanced technological innovation and a booming consumer market. The rapid increase in affluent consumers has resulted to South Korea being one of largest markets for luxury and outbound tourism.
PRODUCT CATEGORIES COVERED
Affluent Insights™ 2017-18 Luxury Study covers premium brands across the following categories:
- 105 Fashion & Accessories brands
- 81 Watch brands
- 66 Jewelry brands
- 82 Travel & Leisure brands
- 54 Skincare brands
- 84 Alcohol brands
Brand selection: For past purchase/ownership and future purchase plan questions, we have selected brands that are well-known luxury brands and/or are part of the competitive set of our subscribers’ brands. For brand image questions, we include subscriber brands, as well as, a sub-set of high-end luxury brands that have shown to be the most popular in our research.
What destinations are affluent Koreans travelling to and should they be seen as avid shoppers while travelling?