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Limited Editions Thrive in Secondhand Markets

Limited Editions Thrive in Secondhand Markets

SEOUL, March 2 (Korea Bizwire) – Re-selling limited edition products is good business for opportunists.  The latest hype in Korea has been over the Adidas Yeezy Boost 350 v2 “Zebra,” co-designed by American rapper and producer Kanye West. This extremely limited edition pair of shoes sold for a retail price of 289,000 won ($255.75), but [...]

Exports of S. Korean Cosmetics Soar 10 Times in 7 Yrs

Exports of S. Korean Cosmetics Soar 10 Times in 7 Yrs

SEOUL, Feb. 22 (Korea Bizwire) – Exports of South Korea-made cosmetics soared more than 10-fold over the past seven years, government data showed Wednesday, as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries.  Outbound shipments of makeup products reached US$4.18 billion in 2016, compared to $451.15 million tallied in [...]

Court Rules in Favor of Korean Fashion Company in Hermès Copyright Dispute

Court Rules in Favor of Korean Fashion Company in Hermès Copyright Dispute

SEOUL, Feb. 21 (Korea Bizwire) – A Seoul appeals court on Tuesday ruled in favor of South Korean fashion brand PLAYNOMORE in a copyright lawsuit filed by Hermès, upsetting a previous ruling in favor of the French luxury brand.  The dispute goes back to November 2015 when Hermès filed a lawsuit against the Korean company, [...]

Hermes Bags Are Talk of Town amid Nation-Rocking Scandal

Hermes Bags Are Talk of Town amid Nation-Rocking Scandal

SEOUL, Feb. 21 (Korea Bizwire) – Hermes handbags, despite their international reputation as an elegant luxury brand, are adding bitterness to their cachet in South Korea as they have been used as a “popular” item for bribes in high-profile political scandals.  Industry sources have widely suspected that either a Birkin bag or Kelly bag, two [...]

S Korea’s Fashion Market to Grow 3.3 Pct This Year: Report

S Korea’s Fashion Market to Grow 3.3 Pct This Year: Report

SEOUL, Feb. 17 (Korea Bizwire) – South Korea’s fashion market is expected to grow 3.3 percent in 2017 from a year earlier, with major apparel companies ramping up efforts to expand their footing here and abroad amid dim prospects, industry data showed Friday.  The size of the domestic fashion market is predicted to reach 39.3 [...]

Cosmetics Firms Under Heavy Selling over China’s Retaliation Concerns

Cosmetics Firms Under Heavy Selling over China’s Retaliation Concerns

SEOUL, Jan. 10 (Korea Bizwire) – South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system.  AmorePacific Co., the country’s No. 1 cosmetics maker, and other companies dependent on the Chinese market have been under [...]

S. Korea Mulls Measures Against China’s THAAD Retaliation: Source

S. Korea Mulls Measures Against China’s THAAD Retaliation: Source

SEOUL, Jan. 2 (Korea Bizwire) – South Korea is mulling countermeasures in response to suspicions that China is retaliating against the decision reached with the United States to deploy an advanced anti-missile defense system on its soil, a diplomatic source said Monday.  In July, South Korea and the U.S. announced a plan to station a [...]

Korean Fashion Industry Turns to Men, Individuality and Technology for 2017 Rebound

Korean Fashion Industry Turns to Men, Individuality and Technology for 2017 Rebound

SEOUL, Dec. 27 (Korea Bizwire) – The Samsung Fashion Institute announced Tuesday its selection of the top ten issues in Korea’s fashion industry this year. The list included several changes in the industry as well business and consumption trends, but it was marked by the stagnant industry’s struggle to survive instead of focusing on growth.  [...]