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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, [...]

Government Deliberates New Plans for Low-Income Households amid Soaring Debt

Government Deliberates New Plans for Low-Income Households amid Soaring Debt

SEJONG, Feb. 21 (Korea Bizwire) – The South Korean government is planning on new measures to support the livelihood of low-income families, who are among those suffering the most from the country’s recent economic struggles.  According to officials, South Korea’s household credit jumped by 11.7 percent in 2016 compared to the year prior, setting a [...]

Korean Youth Increasingly Indifferent to Stock Investing

Korean Youth Increasingly Indifferent to Stock Investing

SEOUL, Feb. 21 (Korea Bizwire) – The local stock market is struggling to attract young investors amid prolonged economic hardships, a record high youth unemployment rate, and an increasing number of “house poor” individuals and families.  Besides the fact that the benchmark Korea Composite Stock Price Index (KOSPI) has hovered in the same 1,850 – [...]

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 [...]