According to a research report published by Spherical Insights & Consulting, the South Korea Luxury Fashion Market is anticipated to reach USD 7.0 billion by 2035, growing at a CAGR of 2.74% from 2025 to 2035. Some of the main factors propelling the market include the growing e-commerce sector, consumers' desire to stay current with trends, and the growing number of luxury brands collaborating with designers, artists, and celebrities to produce limited-edition collections.