71 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 Balancing climate finance and financial stability is a scorching dilemma Rising Mass Shootings Highlight Urgent Need for Gun Control in the United States PSG say Saudi’s Al Hilal can talk to Mbappe after 300M-euro bid Portugal get’s knocked out of the World Cup in Qatar after Brazil, as the World Cup produces shocking outcomes for the semifinals H&M Discontinued Justin Bieber Merchandise Following Disapproval from Pop Star When it comes to ‘liveable’ cities, study says KL among top 10 upward movers globally
