South Koreans spending pattern between now and December will exceed US expenditure. This is according to a new study done by the South Korean government. They are worried that the spending culture will affect the economy within the next 10 years as consumer saving is said to drop from 30% to a staggering 3.2%.
The malls have exceeded expectation recently and big brands are planning to either expand their current stores or open up new ones to cater for this mad rush.
What the South Koreans dont know is that when they buy American brands the money comes back to America:) So even though they spending more, doesnt mean they make more...
Image Credit: virtualtourist.com
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