110 Whether it’s calf-leather Italian Prada bags or classic, checkered British Burberry trench coats, South Koreans are the world’s biggest spenders on personal luxury goods per capita, Morgan Stanley said. The investment bank estimated South Korean total spending on personal luxury goods grew 24% in 2022 to $16.8 billion, or about $325 per capita. That’s far more than the $55 and $280 per capita spent by Chinese and American nationals, respectively, according to Morgan Stanley estimates. You Might Be Interested In BlackRock Successfully Prices $3 Billion Debt Offering for GIP Transaction WestRock to Construct New Corrugated Box Plant in Wisconsin Morocco Adopts Integrated National Approach to Countering Terrorism How to Implement an Effective Remote Working Strategy? Salt Bae in Soup Jindal Global University and Aresty Institute at Wharton School Sign Agreement