Luxury

South Koreans were reportedly the world's biggest spenders on luxury goods last year. According to CNBC on Thursday, global investment bank Morgan Stanley ...

The investment bank reportedly said that nearly all of the major Korean celebrities are brand ambassadors of the leading luxury houses. The investment bank said that the figure translates into about 325 dollars per person, much larger than the comparable figures of 55 dollars and 280 dollars by Chinese and American nationals, respectively. South Koreans were reportedly the world’s biggest spenders on luxury goods last year.

Introducing to you, Fashion on wheels a.k.a InstaRunway! Ever tried shopping on the go?If not, then its time to step into this moving bus across Dubai to ...

This coming holiday season, the perfect gift! The target audience is predominantly Influencers. Since its introduction, the luxury bus has drawn praise from its affluent audience. The seven emirates can be traversed by this bus both internally and externally. The fashion lines found inside the bus would include With a customised selection of international luxury brands like Furla, SJP by Sarah Jessica Parker, The Golden Concept, Balenciaga, Olivia Burton and many more. Ever tried shopping on the go?

Kester Howard was painting on a balcony of her luxury cruise ship when a startling announcement came over the loudspeakers. A nearby boat appeared to be in ...

Of the six recent rescues reported in the region, four of the cruise ships went on to transfer the migrants to a US Coast Guard cutter. [announced that an influx of Cuban migrants in the Florida Keys had temporarily forced them to close Dry Tortugas National Park](https://www.cnn.com/travel/article/cuban-migrants-dry-tortugas-national-park/index.html). “It is customary for cruise ships, and all mariners, to stop and rescue anyone spotted in distress at sea,” he said. “We are grateful for our crew’s quick action, and the lives saved as a result.” It was a homemade boat made of polystyrene, metal sheeting and – quite frankly – it probably would not have lasted much longer in the water, especially not overnight. “I will never forget the eyes of those children to whom I brought some small gifts, and various chocolates … “I know many, many people who’ve been on a ship and say, ‘This happened to me.’” “Here we are, sitting in a beautiful dining room on a beautiful ship and getting ready to eat a beautiful dinner, and we just watched people that had to be rescued. “The number of cruise ships has been increasing dramatically over the last decade. It isn’t new for cruise ships traveling through the Straits of Florida, like the Celebrity Beyond was that day, to come upon boats of Cuban migrants. Howard, Glassman and thousands of other passengers aboard the Celebrity Beyond weren’t the only ones confronted with that reality. Glassman is a Fort Lauderdale city commissioner, and well aware of the increasing number of makeshift vessels turning up on Florida’s shores.

The growing demand for luxury items in the country has been driven by consumers' rising purchasing power, Korean celebrities promoting luxury brands and a ...

[PYMNTS Data: Why Consumers Are Trying Digital Wallets](https://www.pymnts.com/study/new-payment-options-digital-wallets-consumer-finance/) [Luxury retail](https://www.pymnts.com/news/retail/2022/what-if-there-was-a-way-to-unlock-some-of-luxury-retails-resilience/) has been growing around the world as well. 12), citing figures from [Morgan Stanley](https://www.morganstanley.com/). [Global Commerce Tracker®](https://www.pymnts.com/tracker/global-ecommerce-cross-border-payments-south-korea/),” a PYMNTS and [Worldline](https://worldline.com/) collaboration. [luxury market](https://www.pymnts.com/news/cross-border-commerce/2022/an-insiders-view-of-s-koreas-92b-ecommerce-market/) and the eCommerce market have grown in South Korea because the country is a titan in the world economy and is on the cutting edge of technology, finance, automotive and retail. [cross-border growth](https://www.pymnts.com/news/ecommerce/2022/south-korea-is-an-ecommerce-eden-for-those-fluent-in-local-payments/), but they must play to local preferences, Worldline Global Head of Digital Goods and Services [Michael Bilotta](https://www.linkedin.com/in/michael-bilotta-0112358/) told PYMNTS’ Karen Webster in an interview posted in July 2022.