Spending on luxury goods per purchase South Korea 2022
According to a survey conducted in 2022, 30.7 percent of respondents answered to spend between 500,000 and one million South Korean won per luxury purchase, making it the most common spending bracket. Spending less than 500,000 and up to three million won was also equally as common. At the same time, only 5.5 percent of respondents were willing to spend more than three million won per luxury purchase.
