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http://dx.doi.org/10.15207/JKCS.2020.11.7.351

An analysis on the Factors of the Consumption Expenditure on K-beauty Service Industry  

Chin, Chung-Hwa (Division of Global Medical Beauty, Konyang University)
Yuk, Hyun-Jeong (Division of Remedial Massage, Australasia International School)
Publication Information
Journal of the Korea Convergence Society / v.11, no.7, 2020 , pp. 351-359 More about this Journal
Abstract
This study aims to propose for the K-beauty industry by analyzing the consumption situation. The data used the household trend survey and GDP from 06' to 16' provided by the National Statistical Office. The analysis results of the influencing factors of expenditure on the K-beauty service industry per household resulted in the increase of expenditure on hair and beauty services and their goods when ordinary income decreased, it was possible to understand the similarities between the change of Engel's coefficient. It was difference in the proportion of consumption of beauty services account by income quintiles.The increase of the GNI had an effect on that of the consumption of K-beauty. The above results show that beauty service industry is relevant to the items of households' income and expenditure. Plans are needed to take into account national economic trends and consumption patterns.
Keywords
Beauty service; Beauty appliance; income quintile; GNI; Consumption Expenditure;
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