{"id":2627,"date":"2023-01-18T13:25:13","date_gmt":"2023-01-18T04:25:13","guid":{"rendered":"https:\/\/globalsellers.coupang.com\/?p=2627"},"modified":"2023-03-28T13:24:00","modified_gmt":"2023-03-28T04:24:00","slug":"luxury-shopping-korean","status":"publish","type":"post","link":"https:\/\/globalsellers.coupang.com\/en\/newsroom\/luxury-shopping-korean\/","title":{"rendered":"In the Lap of Luxury: Korean Shoppers Spend Big"},"content":{"rendered":"\n

When it comes to lifestyle, Koreans don’t skimp. According to Morgan Stanley, Korean per capita spend on luxury is the highest in the world at $325, far surpassing China at $55 and the US at $280. In 2022, sales of luxury goods in Korea grew 24% year-on-year to $16.8 Billion. <\/p>\n\n\n\n

Some notable luxury brands that performed particularly well with Korean consumers included Moncler, whose sales doubled in Q2 compared to pre-pandemic. Cartier-owned Richemont group also noted Korea sales grew in double digits in 2022.<\/p>\n\n\n\n

Luxury brands are also flocking to Coupang with brands such as Nina Ricci, Giambatista Valli and JW Anderson choosing to sell with Korea’s no.1 shopping app. Coupang Marketplace is a terrific choice for anyone interested in selling fashion to Korea as over 58% of Coupang customers purchase fashion items on Coupang. Some of the top selling luxury brands on Coupang Marketplace include Gucci and Prada, especially accessories such as bags, wallets and jewellery.<\/p>\n\n\n\n

If you’re curious about how to sell fashion on Coupang, get the lowdown here<\/a> or download the fashion selling handbook here<\/a>. <\/p>\n\n\n\n

Still got more questions? Don’t worry! You can call us on our hotline<\/a> or leave us an inquiry in our ‘contact us’ form<\/a> and we will reply ASAP.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to lifestyle, Koreans don’t skimp. According to Morgan Stanley, Korean per capita spend on luxury is the highest in the world at $325, far surpassing China at $55 and the US at $280. In 2022, sales of luxury goods in Korea grew 24% year-on-year to $16.8 Billion. Some notable luxury brands that […]<\/p>\n","protected":false},"author":2,"featured_media":2628,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[63,65,64,62,61,60,55],"class_list":["post-2627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer-trends","tag-accessories","tag-clothes","tag-clothing","tag-fashion","tag-korea","tag-luxury","tag-shopping"],"yoast_head":"\nIn the Lap of Luxury: Korean Shoppers Spend Big - Coupang Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/globalsellers.coupang.com\/en\/newsroom\/luxury-shopping-korean\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the Lap of Luxury: Korean Shoppers Spend Big - Coupang Marketplace\" \/>\n<meta property=\"og:description\" content=\"When it comes to lifestyle, Koreans don’t skimp. 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