Add “K-shaped” consumer polarization to the list of Korean trends
A convenience store near Gwanghwamun Square in central Seoul displays a banner welcoming BTS’ March 22 comeback. [NEWS1] There are concerns that “K-shaped” consumer polarization may deepen in the retail industry as high inflation and a prolonged recession continue. K-shaped consumer polarization refers to a widening gap in spending between high-income consumers and middle- or … Read more