UBS: South Korea Could Become a Bright Spot for Luxury Goods Groups

UBS analysts wrote in a report to clients that in the short term, Korea’s demand for luxury goods could benefit the luxury industry. “Korean consumers remain commercially and strategically important for the luxury sector,” the analysts said. UBS added that these customers typically account for a mid-to-high single-digit percentage of the group’s sales. “They also serve as a useful leading indicator of broader regional trends.” UBS stated that Hermès, Moncler, Prada, and Burberry are the most likely beneficiaries.