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Fake Korean Brands Spread to Southeast Asia

Fake Korean Brands Spread to Southeast Asia

SEOUL, Oct. 4 (Korea Bizwire) — Foreign companies disguised as Korean brands to piggyback on the Korean Wave are spreading overseas. Rep. Kim Gyu-hwan reported on Wednesday that the rising popularity of K-pop, K-beauty, and other Korean cultural exports have been boosting demand for Korean goods and services worldwide, which are being exploited by many [...]

Nearly 90 Percent of all Counterfeit Goods “Made in China”

Nearly 90 Percent of all Counterfeit Goods “Made in China”

SEOUL, Sept. 5 (Korea Bizwire) — A report released by the Korea Customs Service on September 4 revealed that 8,607 of 9,853 counterfeit goods seized were made in China. The yearly report on the black market for counterfeit goods stated that the total number of counterfeit goods seized by the agency declined by 3 percent [...]

New Laser Technology to Prevent Counterfeit Crimes

New Laser Technology to Prevent Counterfeit Crimes

SEOUL, Feb. 15 (Korea Bizwire) – The Korea Institute of Machinery & Materials announced Wednesday that researchers have developed a new engraving technology, using lasers, to prevent counterfeit crimes of expensive goods such as high-end watches or gold.  According to senior researcher Noh Ji-whan, by overlapping two separate laser beams, the team was able to [...]

Customs Office Confiscates Fake Samsung, Apple Accessories

Customs Office Confiscates Fake Samsung, Apple Accessories

SEOUL, Feb. 19 (Korea Bizwire) – South Korea’s customs office said on Friday it has unearthed 2.2 billion won (US$1.7 million) worth of forged smartphone accessories with Samsung and Apple logos. The Korea Customs Service said 41 suspects were booked without detention following its special crackdown kicked off in December, which discovered 38 cases of [...]