140 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 India Leads the Charge, 92% of Knowledge Workers Embrace AI at Work The most liked Instagram post ever is Lionel Messi unseating an egg Asia’s demographic growing pains | East Asia Forum The impact of AI on the Content Industry OpenAI Unveils Latest AI Model, GPT-4o Nvidia Earnings Could Drive $200 Billion Swing in Shares, Options Indicate