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South Korea’s retail market shows an upward trajectory

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Apparel Online India February, 1-15, 2017

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Push coming through tourism, rising consumer confidence and disposable income

Home of the third largest retail market in Asia Pacific (APAC-region), South Korea continues to maintain its momentum, driven by robust economic growth, rising population, increasing purchasing power and deeper penetration of international players. The previous year registered strong growth in retailing, with consumer sentiments recovering and the Government emphasizing on consumption. South Korea is definitely a market with huge potential for business opportunities in fashion clothing. With the Government encouraging consumption and consumers returning to physical outlets, sales for retailers have also gone up. According to experts, the retail industry in South Korea region will expand at CAGR of 6.13 per cent over 2013-2018 and the overall size of South Korea retail market is expected to reach US $…

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Source: Apparel Online India February, 1-15, 2017
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