Hermès 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 [...]

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 [...]

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, [...]

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 [...]

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 [...]

Luxury Brands Report Mixed Results for 2013

Luxury Brands Report Mixed Results for 2013

SEOUL, July 6 (Korea Bizwire) – Amid the protracted recession in which consumers are reluctant to open up their wallets, high-end import brands posted mixed results for the fiscal year 2013. According to the Data Analysis, Retrieval and Transfer System by the Financial Supervisory Service on July 4, Burberry‎ Korea’s sales revenue was 239.3 billion won [...]