What luxury goods are cheap in Korea? The latest shopping guide for 2023
In recent years, South Korea has become one of Asia's popular destinations for luxury shopping. Due to exchange rate advantages, tax-free policies and brand promotions, many luxury goods are cheaper in South Korea than in China, Japan and other places. This article will combine the hot topics and hot content on the Internet in the past 10 days to provide you with a detailed analysis of which luxury goods in South Korea are more cost-effective, and provide structured data reference.
1. Reasons for the price advantage of Korean luxury goods
1.exchange rate advantage: The exchange rate of Korean won against RMB has been at a low level in recent years, which directly reduces shopping costs.
2.Tax exemption policy: Foreign tourists can enjoy tax refund benefits when purchasing luxury goods in South Korea, with up to 10% tax reduction.
3.Brand promotion: Korean local and international brands often launch limited discounts and giveaways.
2. The cheapest luxury goods category in South Korea
| Category | Brand examples | Price advantage (compared to China) |
|---|---|---|
| Cosmetics | Sulwhasoo, Whoo Queen, Sulwhasoo | 30%-50% |
| bag | Louis Vuitton, Gucci, Chanel | 15%-25% |
| watch | Rolex, Omega, Cartier | 10%-20% |
| jewelry | Tiffany, Bulgari, Van Cleef & Arpels | 12%-18% |
3. Popular places to buy luxury goods in South Korea
| city | shopping mall | Features |
|---|---|---|
| seoul | Lotte Duty Free Shop, Shinsegae Duty Free Shop | The most comprehensive brands and the best services |
| Busan | Shinsegae Centum City | Fewer tourists, good shopping experience |
| jeju island | shilla duty free shop | Visa-free entry, convenient shopping |
4. The latest price comparison of Korean luxury goods in 2023
| merchandise | Korean price (Korean won) | Price in China (RMB) | Price difference |
|---|---|---|---|
| Louis Vuitton Neverfull MM | 2,100,000 | 14,500 | About NT$2,000 cheaper |
| Chanel Classic Flap Small | 8,900,000 | 62,000 | About 5,000 yuan cheaper |
| Rolex Datejust 36 | 12,500,000 | 88,000 | About 6,500 yuan cheaper |
5. Shopping Tips
1.Apply for duty-free shop membership card in advance: Enjoy additional discounts and points.
2.Watch for seasonal promotions: South Korea has large-scale discount events in June and December every year.
3.price comparison website: Use Korean price comparison platforms such as Danawa to learn about prices in advance.
4.Tax refund process: Keep the shopping receipt and go through tax refund procedures at the airport.
6. Conclusion
Taken together, South Korea is indeed an ideal place to buy luxury goods, especially in categories such as cosmetics, bags and watches. By properly planning your shopping itinerary and seizing the opportunity for promotions, you can save considerable costs. Visitors are advised to do their homework and make a shopping list in advance to get the best shopping experience.
Note: The above price data are collected from the official websites of major shopping platforms and duty-free shops in October 2023. The actual prices may be adjusted due to exchange rate fluctuations and promotional activities.
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