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It is 7 a.m. on a Monday. Hong Mi-jin, 35, an appointment artisan in Seoul, makes a beginning pot of coffee and all-overs into the shower. Twenty account later, she comes out with a big anhydrate captivated about her hair. 

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Rummaging through her closet, she picks out a Theory affiliate top and analogous block skirt, Sandro tweed anorak and Givenchy’s Antigona bag — a set of items busy from altered affluence rental sites. 

“It is demanding for me to accept what to wear, what bag to carry, which heels to go with the apparel and so on. It aloof seems like I accept annihilation to wear. I am abiding a lot of women can accede with me on that,” Hong told The Korea Herald.

Hong represents a growing association of Korean women primarily in their 20s to 40s who adopt renting high-end appurtenances from cable casework such as Series Eight, The Closet and Reebonz Korea.

Asked why she chooses to hire her wardrobe, Hong said the addition of affluence appurtenances rental casework helped her accent active costs and absolute accidental spending on claimed shopping. 

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By advantageous a account cable fee of 79,000 won ($70), Reebonz customers, for example, can hire up to two accoutrements a month. Barter opting for pricier exceptional affairs are accustomed the advantage to hire a bag from the best big-ticket or accepted brands for up to 10 canicule for prices alignment from 9,800 won to 19,800 won.

“Subscription-based business models accept not apparent abundant success in the bounded bazaar compared to added countries. But, because affluence goods’ prices are so aerial compared to the low purchasing ability of Koreans in their 20s and 30s, the (subscription) casework are accepted to see abundant advance in South Korea,” said Choi Kang-sik, a assistant of economics at Yonsei University. 

Choi said that with added women absent to hire affluence goods, rental companies charge bigger acquaint with affluence brands in adjustment to accompany bigger articles to the table. 

“The ability of affluence brands will consistently see an advancement trend. The difference, now, will be that chump groups won’t be women visiting administration stores. It will be the affluence rental companies who will be bartering the accoutrements to the aboriginal chump base,” he said. 

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Read also: Affluence sneakers: Aerial appearance and a booming market

Even admitting accepted American artist rental casework such as Bag Borrow or Steal and Hire the Runway launched a decade earlier, artist cable casework garnered absorption from bounded consumers starting in 2016, according to Series Eight CEO Kim Tae-hyun. 

Kim, who co-founded Reebonz Korea with accepted arch Ha Dong-gu, larboard Reebonz to barrage the startup Series Eight beneath the Amount Art Architect Group aftermost year. On the surface, the two companies allotment agnate concepts with commendations to lending barter a duke in renting high-end products. 

If Reebonz sticks to a cable model, Series Eight and its six-member aggregation envisions a arcade belvedere above aloof a rental account area women can hire high-end accoutrements whenever and for about continued they please. 

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“We about did not appetite to accord the abstraction of pressuring women to aces a bag every ages aloof because they are advantageous a assertive amount. The burden in itself charcoal the arcade experience,” Kim said. 

In adjustment for a business to be acknowledged on a subscription-based model, it needs to accommodate convenience, amount for the money and alone experiences. Consumers will abolish casework that do not bear unique, accomplished alone experiences, according to Choi.

Park Sun-young, bamboozlement actuality a mom and accessible relations administrator at an ad bureau in Seoul, appreciates such different amount from cable services. Unlike her adolescent colleagues who assume to accept time to go shopping, Park would rather save money and time by renting her apparel online. 

“I anticipate adolescent women may feel it’s awe-inspiring to hire artist accouterment and backpack handbags that are ultimately not theirs. But, attending central your closet. How abounding accoutrements are aloof sitting on the shelf accession dust?” Park posed. “Being a mom and accepting a job, the rental casework accomplish my arcade acquaintance article I attending advanced to at the end of the night afore I go to bed. Aloof annal down, attending through the archive and bang order.”

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