Hong Kong’s local brands hold key to city’s creative future
Hong Kong's retail landscape is currently dominated by luxury brands, unlike Seoul, where local brands are thriving and highly visible. This difference is attributed to high rents in Hong Kong, which stifle the growth of emerging local businesses, and a reliance on affluent tourists who favor luxury goods. Consequently, Hong Kong risks becoming an uninspiring shopping destination if it doesn't better support its own creative brands. AI
