Skip to content

Foreign Consumers Become New Spending Class

January 13, 2009

A new class of foreign consumers is emerging in Korea. The foreign population in Korea has grown, and it has been spending more due to the weakness of the Korean won against the U.S. dollar.According to a 2008 survey conducted by the Ministry of Public Administration and Security, around 890,000 foreigners were residing in Korea beyond 90 days, the equivalent of 2 percent of Korea’s population. As a result, department stores and other outlets, as well as Internet shopping sites, are out to lure these foreign consumers.  Click Here for the Full Story

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: