fake luxury goods Archives

Value of Imported Fake Luxury Goods Surpasses 2 tln Won: Lawmaker

SEOUL, Feb. 13 (Korea Bizwire) — The value of fake luxury goods that were imported to South Korea over the past five years stood at more than 2 trillion won, a lawmaker has said, with counterfeit Rolex products accounting for the largest share. According to the data that Rep. Yang Kyung-sook of the Democratic Party [...]

Confiscated Smuggled Goods End Up in Incinerator and Landfill

BUSAN, Feb. 7 (Korea Bizwire) — How are confiscated illegal imports intercepted by customs handled? The Busan Main Customs currently has in its inventory fake luxury goods worth 12 billion won (US$10 million) and Korean cigarettes worth 400 million won, seized from recently arrested importers, at its new port designated block. The goods will be [...]