Market size of luxury articles online and offline South Korea 2022

Published by
Nina Jobst,
Jan 24, 2024
In 2022, the offline luxury market reached around 18.2 trillion South Korean won. At the same time, the online consumption of luxury goods was valued at around 2.8 trillion won. The luxury market in South Korea has continued to grow throughout the years.

Market size of luxury goods sold online and offline in South Korea in 2022 (in trillion South Korean won)

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Release date

November 2023

Region

South Korea

Survey time period

2022

Supplementary notes

1,000 South Korean won equals 0.76 U.S. dollars or 0.70 euro as of January 2024.
Figures have been rounded.

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Statistics on " Luxury goods market in South Korea "

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Overview

5

Retail and sales channels

7

Brands

7

Consumer perspective

6

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Topics

Luxury goods market in South KoreaGlobal personal luxury goods industryLuxury goods market in ChinaLuxury goods in EuropeItalian luxury fashion companies
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