Korea's Consumer Polarization: Strategies for Global Entrepreneurs
In the ever-evolving landscape of consumer behavior, South Korea has witnessed a notable phenomenon - the striking polarization in consumption habits. This shift has profoundly influenced purchasing patterns, emphasizing a dualistic preference for both high-end luxury products and significantly discounted items. This article aims to provide a comprehensive understanding of this consumption polarization in Korea, focusing on its impacts, opportunities, and recommended strategies for global entrepreneurs and investors to navigate this distinct market characteristic.