luxury items Archives | Be Korea-savvy
Luxury Market Enjoys Boom Despite COVID-19 Economic Recession

Luxury Market Enjoys Boom Despite COVID-19 Economic Recession

SEOUL, Oct. 19 (Korea Bizwire) — Despite the prolonged economic recession resulting from the outbreak of the COVID-19 pandemic, sales of luxury items have marked a sharp increase. According to the Ministry of Trade, Industry and Energy, sales of luxury items at the nation’s major department stores were up 9.2 percent year on year in [...]