Chanel Archives | Be Korea-savvy
Consumers Cry Foul as Luxury Brands Continue to Raise Prices

Consumers Cry Foul as Luxury Brands Continue to Raise Prices

SEOUL, March 22 (Korea Bizwire) — Luxury fashion brands including Louis Vuitton and Hermès have continued to jack up the prices of their products in South Korea, raising eyebrows among consumers. According to industry sources on Wednesday, some Louis Vuitton items have seen price hikes at duty free shops this month, following earlier price increases late [...]

In Tough Economic Times, Consumers Turn to Semi-Luxury Goods to Buy Happiness

In Tough Economic Times, Consumers Turn to Semi-Luxury Goods to Buy Happiness

SEOUL, March 24 (Korea Bizwire) – A growing trend among South Korean consumers of buying semi-luxury goods is sweeping the consumer market amid the country’s prolonged economic downturn. Despite the sluggish economy, Koreans – especially those in their 20s and 30s – are willing to spend 50,000 won ($45) for an afternoon tea at a five-star [...]

Omnipresent Louis Vuitton Bags Failing to Make Impression

Omnipresent Louis Vuitton Bags Failing to Make Impression

SEOUL, March 2 (Korea Bizwire) – Louis Vuitton, along with Chanel and Hermès, is considered in South Korea as one of the big three high-end designer brands that are typically supposed to appeal to the top one-percent.  And while Chanel and Hermès continue to symbolize wealth and affluence, Louis Vuitton has recently been struggling to [...]

L’Oreal Follows Estée Lauder, Pulls Employees from Galleria Duty Free

L’Oreal Follows Estée Lauder, Pulls Employees from Galleria Duty Free

SEOUL, Aug. 31 (Korea Bizwire) – Galleria Duty Free 63 may be the newest of the duty free franchises in Korea, but it hasn’t been all smooth sailing since the store’s July launch, especially when it comes to maintaining relationships with cosmetics companies. L’Oréal recently withdrew some 20 employees from six of its brands – [...]

HDC Shilla Formally Opens Duty-Free Store in Central Seoul

HDC Shilla Formally Opens Duty-Free Store in Central Seoul

SEOUL, March 25 (Korea Bizwire) – HDC Shilla Duty Free, a joint venture between Hotel Shilla and Hyundai Development, officially opened its new duty-free store in central Seoul on Friday, featuring 200 more brands four months after its pre-opening. The new outlet spanning 16,500 square meters is located in the Hyundai I’Park Mall in Yongsan, the railway [...]