SEOUL, June 18 (Korea Bizwire) — More than a year after the novel coronavirus upended lives across the world, an increasing number of South Koreans are filling movie theaters, auditoriums and concert halls to shell out for experiences they have missed. In the midst of “revenge spending,” referring to a recent shopping spree in the [...]
SEOUL, April 10 (Korea Bizwire) — One in four Seoul citizens turned to “revenge spending” to make up for missed shopping during the coronavirus pandemic, a study has shown. According to a Wednesday report by the Seoul Institute, a think tank for the Seoul metropolitan government, 24.3 percent of those surveyed in the first quarter [...]
SEOUL, April 23 (Korea Bizwire) — Although the domestic fashion market has been hit hard by the novel coronavirus outbreak expensive brands are doing well. Despite the overall slump in consumption, industry analysts say that the pent-up desire for consumption is leading to an increase in purchases of luxury goods to display wealth. At the [...]