Yes, Koreans do spend a lot, particularly on certain types of goods.
According to a recent survey (October 3, 2023), shoppers in South Korea spend more on high-end goods per capita than those in any other country. This indicates a significant level of spending, especially on luxury items. While the reference points out that this spending is fueled by a "sobering economic reality," the fact remains that Koreans are leading the world in per capita expenditure on high-end goods.
Here's a summary based on the provided reference:
- High-End Spending: South Koreans lead the world in per capita spending on high-end goods.
Therefore, based on the available information, Koreans spend a lot relative to other countries, especially when it comes to luxury items.
