The Rise of Korean wave in India and its Influence on Consumer Behaviour and the Consumer Products Industry

Abstract

One of the most advantageous spillover effects of the rise of Korean wave has been the growing popularity of Korean consumer products including cosmetics food fashion etc in the foreign countries Recently India has been experiencing this and demand for Korean consumer products have seen a steep growth This paper aims to analyse the Indian consumers behaviour while purchasing Korean cosmetics and food products and what factors impact them via quantitative research through an online questionnaire The paper also tries to qualitatively understand the growth potential of Korean cosmetics and food brands in India