What is the current South Korea Luxury Goods Market size?

The South Korea Luxury Goods Market is projected to register a CAGR of 4.82% during the forecast period (2024-2029) Read More

Who are the key players in South Korea Luxury Goods Market?

Prada Holding S.p.A, LVMH Moet Hennessy Louis Vuitton, Kering Group (Gucci), H & M Hennes & Mauritz AB (H&M) and The Estee Lauder Companies Inc. are the major companies operating in the South Korea Luxury Goods Market. Read More

What years does this South Korea Luxury Goods Market cover?

The report covers the South Korea Luxury Goods Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Luxury Goods Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea Luxury Goods Market - Size, Share & Industry Analysis

South Korea Luxury Goods Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers South Korea Luxury Brands Market Trends and it is segmented by Type (Clothing and Apparel, Footwear, Bags, Jewelry, Watches, and Other Accessories); and Distribution Channel (Single-Brand Stores, Multi-Brand Stores, Online Stores, and Other Distribution Channels). The market size and forecasts for the luxury goods market are provided in terms of value (USD million) for all the above segments.

South Korea Luxury Goods Industry Overview

The luxury goods market in South Korea is fragmented as both domestic and foreign businesses compete for market share. The companies operating in the South Korean luxury goods market focus on various strategies including partnerships, product launches, expansions, advertising, and promotions featuring popular celebrities to increase their brand presence among customers. For example, in May 2022, to provide a unique and increasingly personalized experience to the brand's audience, Dior unveiled its first WhatsApp campaign in partnership with Jisoo from the popular South Korean girl group Blackpink formed by YG Entertainment. Prada Holding S.p.A., Hermes International S.p.A, LVMH Moët Hennessy Louis Vuitton, Chanel, The Estée Lauder Companies, and Kering Group are a few of the major companies that dominate the South Korea market.