Luxury Brands Archives | Be Korea-savvy
Female K-pop Idols to Hit Paris Fashion Week to Promote Luxury Brands

Female K-pop Idols to Hit Paris Fashion Week to Promote Luxury Brands

SEOUL, Sept. 29 (Korea Bizwire) — A large number of female K-pop stars have been invited to the ongoing Paris Fashion Week, proving the global popularity of the South Korean pop culture. The Paris Fashion Week, a series of designer presentations held semiannually in Paris, is one of the most-known Fashion Weeks around the world. [...]

Major Department Stores Add More Luxury Brand Shops

Major Department Stores Add More Luxury Brand Shops

SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s major department store chains are actively adding more luxury brand shops specializing in men’s wear, women’s wear and shoes amid higher demand for luxury goods. Galleria Department Store, for instance, recently opened a Dior shoe shop at its Luxury Hall in southern Seoul, while Shinsegae Department Store [...]

Luxury Brands Show Oustanding Sales Performance Despite Price Hikes

Luxury Brands Show Oustanding Sales Performance Despite Price Hikes

SEOUL, April 22 (Korea Bizwire) — Overseas fashion and luxury brands including Louis Vuitton, Chanel, Hermes and others reported record earnings last year despite a series of price increases. Chanel Korea earned racked up 1.22 trillion won (US$987 million) in sales last year, up 31.6 percent from the previous year. The company earned 249 billion [...]

Retail Investors with Shares in Foreign Luxury Brands Enjoy Higher Returns

Retail Investors with Shares in Foreign Luxury Brands Enjoy Higher Returns

SEOUL, Dec. 31 (Korea Bizwire) — Retail investors who bought shares of foreign luxury brands such as Hermes, Louis Vuitton and Gucci enjoyed higher returns this year. According to data from the Korea Securities Depository, the most net-bought stock by domestic individual investors among those listed on the French stock market was Hermes International SCA. [...]

Luxury Brands Release High-end Bicycles

Luxury Brands Release High-end Bicycles

SEOUL, Oct. 8 (Korea Bizwire) — Luxury fashion brands are joining hands with bicycle manufacturers to release high-end, luxurious bicycles. Louis Vuitton, in collaboration with French bicycle maker Maison Tamboite Paris, released the LV bicycle in four colors, available in South Korea since August. The frames, saddles, and chains are inscribed with Louis Vuitton monograms. [...]

Luxury Brands Thrive Despite Pandemic

Luxury Brands Thrive Despite Pandemic

SEOUL, April 8 (Korea Bizwire) — Expensive luxury brands are racking up strong sales despite the coronavirus outbreak. Consumers, denied oversea travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation Z) in particular. The Financial Supervisory Service reported that Christian Dior Couture Korea Co., the South [...]