Industry
[Graphic News] Koreans own 8.8 luxury items on average
April 10, 2013
Purchasing luxury goods was nothing unusual for more than 45 percent of Korean customers, a survey showed on Wednesday.According to the poll conducted by the Korea Consumer Agency, spending on premium designer brands ― such as Hermes, Cartier and Bvlgari ― accounted for 5 percent of household income on average, compared to 4 percent in Japan.Amid the recent surge in consumption of French and Italian premium brands, Korean adults have an average of 8.81 luxury items in their closet, said the poll