SEOUL, June 3 (Korea Bizwire) — Luxury fashion house Chanel has raised prices on several of its best-selling handbags and jewelry items in South Korea by up to 10%, marking its third price hike this year and further straining consumers, especially brides-to-be preparing for weddings. Chanel Korea implemented the increases on Monday, raising prices on signature [...]
SEOUL, May 3 (Korea Bizwire) — Chanel has emerged as the most frequently counterfeited brand online in South Korea over the past five years, according to new government data that highlights the growing challenge of policing illicit e-commerce activity involving luxury goods. A report submitted by Rep. Oh Se-hee of the Democratic Party, a member of [...]
SEOUL, Feb. 4 (Korea Bizwire) — The era of predawn queues for luxury goods appears to be waning among South Korea’s young consumers, who are increasingly turning to budget-friendly alternatives known as “dupes” — affordable replicas of high-end products. The term “dupe,” derived from “duplicate,” refers to cost-effective substitutes for luxury or premium items. According to [...]
PARIS, Apr. 9 (Korea Bizwire) — C.K. McWhorter, the visionary of luxury and heritage, proudly announces the endowment of Chanel with the esteemed McWhorter Family Trust Warrant of Excellence in Fashion. As a beacon of timeless elegance and innovation, Chanel’s iconic contributions to the world of haute couture and luxury fashion have left an indelible [...]
SEJONG, Nov. 30 (Korea Bizwire) – South Korea’s Fair Trade Commission (FTC) has determined that clauses in the terms of service of certain brands that prohibit individuals from reselling purchased products amount to a violation of consumer rights. On November 29, the FTC announced that it had scrutinized the terms of service of three renowned brands, [...]
SEOUL, Nov. 24 (Korea Bizwire) – Chanel Korea has been fined for requesting names and contact numbers from waiting customers and their companions. The Personal Information Protection Commission announced on Thursday that it had decided to impose a fine of 3.6 million won on Chanel Korea for violating the Personal Information Protection Act during its 19th [...]
SEOUL, Oct. 18 (Korea Bizwire) – Chanel was the most popular luxury brand for resale this year, according to a recent report, with younger South Koreans actively trading in second-hand “luxury” items. Gugus, a platform that specializes in selling pre-owned luxury goods, released its ’2023 Pre-Owned Luxury Trends’ data on Tuesday. This report was based on data [...]
SEOUL, Aug. 24 (Korea Bizwire) — French luxury fashion house Chanel will co-host a Korean craft arts exhibition in cooperation with the Korean heritage preservation society Yeol Foundation as part of its sponsorship program to support artisan craftsmanship, officials said Thursday. The exhibition, titled “Woobomanri: An Enduring Walk Towards Purity,” is set to run from [...]
SEOUL, Feb. 21 (Korea Bizwire) — The news of the recent death of Karl Lagerfeld, Chanel’s iconic creative director, is bringing South Korean celebrities to pay tribute to a man who was one of the most prolific designers of the century. Song Hye-kyo, a South Korean actress, posted a black-and-white photo of Karl Lagerfeld on [...]
BUSAN, Dec. 19 (Korea Bizwire) — Busan police said Wednesday they have arrested a Japanese trader and his South Korean partner on charges of importing and selling hundreds of fake Chanel handbags in South Korea. The unidentified 55-year-old Japanese suspect is accused of importing a large volume of delicately fabricated luxury Italian handbags into South [...]