Though Korea ranks just 108th in the world by land area, it boasts the world’s 14th largest domestic market. Consumer spending (or personal consumption expenditure: PCE) in Korea is relatively high, ranking particularly among the top in terms of the number of Starbucks licensed stores, the average monthly payment of mobile game users, and average monthly expenses.
Consumer spending (or personal consumption expenditure: PCE) in Korea is relatively high, ranking particularly among the top in terms of the number of Starkbucks licensed stores, the average monthly payment of mobile game users, and average monthly expenses.
In addition, the biggest steel consumption per capita in the world demonstrates the capacity of Korea’s manufacturing industry for further growth.
※ Source: World Steel Association (2022), Norwegian Seafood Council (2020), Gatner, Dunnhumby (2020), App Annie, Statista, Kneoma.com (2022, 3Q)