24 Jun '17, 6pm

South Korea provides ample opportunities for #luxury goods companies across many categories.

South Korea provides ample opportunities for #luxury goods companies across many categories.

However, as we move further into 2017 and political instability between Beijing and Seoul continue to increase over the installation of a US anti-missile system in South Korea, the outlook in terms of Chinese tourist is uncertain as more mainland Chinese tourists are now returning to Hong Kong to shop for their luxury goods. According to data from the Hong Kong tourist board, in March 2017 arrivals from the mainland surged 10.4%, resulting in a near 9% increase in overall visitors to the island. In the same month it was announced that Beijing was going to place a ban on Chinese tour groups from visiting South Korea and stricter visa restrictions would be implemented.

Full article: http://www.luxurysociety.com/en/articles/2017/05/south-ko...

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