* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, October 20, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

    Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

    Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Rich Young Koreans Show off with Supercars

October 19, 2023
in News
Rich Young Koreans Show off with Supercars
Share on FacebookShare on Twitter

More rich younger Koreans are showing off their wealth by buying supercars costing more than W100 million (US$1=W1,350). Purchases of supercars by Koreans under 40 have quadrupled over the last five years while sales of imported cars overall have risen only 16 percent.

Supercars are taking over streets beyond Gangnam in Songdo near Incheon and Hwaseong and Dongtan south of the capital. A similar trend is happening in high-end electronics and luxury goods.

Industry watchers say conspicuous consumption once confined to the super rich is spreading among younger people who make their money from private crammers or new media or by investing in stocks, real estate and cryptocurrencies. On Instagram, whole communities of young rich people have sprung up displaying their ostentatious wealth.

According to the Korea Automobile Importers and Distributors Association, 2,886 people under 40 bought luxury cars in the first nine months of 2019, and 621 lived in Gangnam. But this year their number surged 321 percent to 12,162, and only about 1,200 lived in Gangnam, while 345 lived in Incheon, 335 in Hwaseong, Gyeonggi Province and the rest were scattered elsewhere.

Incheon’s Songdo is where Samsung Biologics, POSCO Engineering, Kolon Global and other cutting-edge firms have set up their headquarters over the last decade. The average age there is just 40.8.

The situation is similar in Hwaseong, which attracted many young workers at Samsung Electronics, Hyundai and Kia and where the average age is 38.8.

The head of one luxury foreign automaker’s Korean branch said, “Employees of major conglomerates who don’t work in Seoul have a lot of disposable income since apartment prices are cheaper there. They often express themselves through flamboyant cars, so we’re targeting them as key customers.”

Retailers are also eyeing these conspicuous consumers. The most profitable branch of Hyundai Department Store is not the main store in the affluent Apgujeong-dong area in southern Seoul, but the Pangyo store in Seongnam, which achieved sales of W1.45 trillion last year. Around half of the mall’s customers are in their 20s and 30s and employed by IT companies based in the neighboring Pangyo Techno Valley.

Hyundai Department Store now runs VIP lounges only in Pangyo and Seoul’s financial district of Yeouido.

Lotte Department Store’s Dongtan branch in Hwaseong saw sales jump 90 percent in 2022 to W447.5 billion.

At Shinsegae Department Store the proportion of VIP customers in their 20s and 30s rose from 18 percent in 2019 to 25 percent in 2022.

Copyright © Chosunilbo & Chosun.com

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Chosun.com – https://english.chosun.com/site/data/html_dir/2023/10/19/2023101900562.html

Tags: KoreansnewsYoung
Previous Post

Korea Initiates New COVID-19 Variant Vaccine Rollout

Next Post

Cho Yi-hyun Excited About 1st Lead Role in Period Drama

African Journal of Ecology paper wins Ig Nobel Prize 2025! – Wiley Online Library

Groundbreaking African Ecology Study Wins 2025 Ig Nobel Prize!

October 20, 2025
Celebrating the Science of Quilts – Hyperallergic

Unraveling the Art and Science Behind Quilts

October 20, 2025
Averting conflict can become Switzerland’s role in Arctic science diplomacy – SWI swissinfo.ch

How Switzerland Can Pave the Path to Peace and Progress in Arctic Science Diplomacy

October 20, 2025
Palantir Wants to Be a Lifestyle Brand – WIRED

Palantir Wants to Be a Lifestyle Brand – WIRED

October 20, 2025
3 Technology Stocks to Buy Now – Yahoo Finance

3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

October 20, 2025
Misery Index: After latest loss, it’s evident Brian Kelly may just not fit at LSU – Yahoo Sports

Misery Index: After latest loss, it’s evident Brian Kelly may just not fit at LSU – Yahoo Sports

October 20, 2025
Largest plant convention in the world, PlantCon 2025, wraps in Dallas – CBS News

PlantCon 2025: The Ultimate Celebration of Plants Blooms in Dallas

October 20, 2025
Government shutdown enters fourth week, affecting federal workers, services, economy – WLKY

Government Shutdown Enters Fourth Week, Disrupting Federal Workers, Services, and the Economy

October 20, 2025
Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

October 20, 2025
Exclusive | Blue States Are Setting Up a Shadow Public-Health Alliance to Counter RFK Jr. – The Wall Street Journal

Blue States Join Forces in Secret Public Health Alliance to Challenge RFK Jr

October 20, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (877)
  • Economy (898)
  • Entertainment (21,769)
  • General (17,702)
  • Health (9,939)
  • Lifestyle (911)
  • News (22,149)
  • People (899)
  • Politics (908)
  • Science (16,109)
  • Sports (21,398)
  • Technology (15,878)
  • World (881)

Recent News

African Journal of Ecology paper wins Ig Nobel Prize 2025! – Wiley Online Library

Groundbreaking African Ecology Study Wins 2025 Ig Nobel Prize!

October 20, 2025
Celebrating the Science of Quilts – Hyperallergic

Unraveling the Art and Science Behind Quilts

October 20, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version