SEOUL, Feb. 13 (Korea Bizwire) – Top luxury brands popular with adults are also grabbing the market for children, their sales increasing as kids get ready to go back to school this month or next, industry officials said Monday. Some of the most popular items cost well over 1 million won (US$867). A Gucci-labeled backpack [...]
SEOUL, Sept. 27 (Korea Bizwire) – Seoul police busted four retailers Monday for selling counterfeit products of luxury brands in Myeongdong, one of the busiest tourist and shopping districts in Seoul. The gang launched operations in April, and has since sold 40-million-won ($36,245) worth of knockoff products from 41 brands that included luxury brands Louis Vuitton [...]
SEOUL, June 13 (Korea Bizwire) – Korea’s Institute for International Trade (IIT) revealed Sunday in its report, ‘Opening New Trade Paths with High-end Consumer Goods’, that despite Korea’s suffering export industries, exports of high-end consumer goods have increased sharply in recent years. High-end consumer goods include rare, high-quality, and high-priced goods such as beauty products, [...]
SEOUL, Nov. 23 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s most widely used messenger app KakaoTalk, launched a premium taxi service earlier this month, but it had to start with only foreign brands as talks with the country’s largest homegrown automaker fell apart due to differences over contract terms. On Nov. 3, [...]
SEOUL, July 30 (Korea Bizwire) – Seoul Metropolitan Government will launch a premium taxi-hailing service offering luxurious service with limousine-style vehicles that have 2,800 cc engines or higher. The Seoul city government announced that High-End, a premium taxi operator co-developed by the city and Korea Smart Card Company, would begin trial operation with 100 luxury taxis [...]