Korea’s preference for luxury goods in economic journals

(1)Why Korean Luxury Goods Are Successful
(2)Appearance and economic success are more important than most other countries.
(3)It’s more important in Korea.

(1)South Korea, a country that is interested in other people’s income.
(2)constantly measure my social status
(3)Korea and China have a similar tendency to regard luxury goods as a sign of status.
(4)Your annual salary should be 10,000 won.
(5)Don’t get married if your salary is below xxxx.
(6)This is the measure of social status in Korea.

(1)The Role of Surging House Prices in the Luxury Market
(2)House prices doubled during the pandemic Homeowners felt wealthy → More luxury goods consumed
(3)On the contrary, young people despair that they will not be able to climb the property ladder → Decided to spend the remaining income on luxury goods.

(1)Korea, which values wealth the most in the world.
(2)The percentage of people who say it’s important to be rich.
(3)the top three countries
(4)Korea, China, Japan
(5)South Korea ranked first in major countries.
(6)But I’ll tell you.

(1)a society in which the show of wealth is tolerated
(2)Flaunting wealth is more socially acceptable in Korean society.
(3)- Conversely, it is not more acceptable in most countries.

(1)Isn’t it a good idea to show off your survey luxury goods?
(2)an unfavorable rate
(3)Half of the Japanese.
(4)It’s not good to show off luxury goods.
(5)Think.
(6)출처 Cnbc A McKinsey survey

(1)Luxury ambassadors are reluctant, but luxury ambassadors are honored.
(2)- It doesn’t consume the image, but rather it has an image-boosting effect.
(3)Almost all celebrities in Korea are ambassadors for luxury brands.
(4)Most top fashion brands and luxury brands use Korean stars as ambassadors.

(1)Definition of luxury goods that do not work in Korea
(2)The definition of luxury goods is not intended for the public.
(3)It’s almost perfect for the public in Korea.

(1)the average age of 30 in Korea
(2)All my friends have a luxury bag.
(3)We cannot buy a house. It’s too expensive. Why should we save money for the future?

(1)Prada, Chanel, Burberry, Bottega, etc. Sales of more than 10 Koreans
(2)Korea with a population of 51 million has become a luxury market as much as Japan with a population of 125 million.
(3)Korean sales account for most of the world’s top brands
(4)be more than ten

(1)The opinion that Korea’s current appearance is similar to that of Japan in the 1990s. Japan’s luxury goods boom in the 1990s
(2)Thirty years ago, an office lady with a Burberry scarf and a Gucci bag,
(3)It was often seen in the Japanese subway.
(4)Japan ranked 13th in the world, demonstrating the typical Asian luxury market.

(1)Japan’s Luxury Market Thirty Years Later
(2)It once occupied 13 places in the world.
(3)Currently, Japanese people are staying in the luxury market at 10.

(1)Global luxury goods companies covet China more while looking at Korea
(2)The Korean luxury goods market is a good preview for the Chinese luxury goods market to be big.
(3)The two countries have a similar tendency to regard luxury goods as a sign of status.

(1)Professor’s Comments on Bloomberg
(2)This kind of boom cannot last forever.
(3)We will see a phenomenon similar to what we saw in Japan in the 1990s.