luxury goods Archives | Be Korea-savvy
South Korean Luxury Consumption Spreads from Bags to Other Goods

South Korean Luxury Consumption Spreads from Bags to Other Goods

SEOUL, Dec. 14 (Korea Bizwire) — South Koreans are buying wider range of luxury goods from handbags to watches, jewelry, scarves and perfumes. Market researcher Euromonitor reported 4.6 percent growth in South Korea’s luxury market from last year, reaching an aggregate total of US$14.2 billion. Aside from sales of luxury cosmetics, which have struggled during [...]

Online Stores Compete over Warranty Services for Luxury Goods

Online Stores Compete over Warranty Services for Luxury Goods

SEOUL, Aug. 27 (Korea Bizwire) — Online stores that sell goods from expensive, high-end brands are competing over appraisal and warranty services to alleviate concerns over counterfeit items. Online mall SSG.com began issuing digital certificates to vouch for official goods made by luxury brands and those brought in by other luxury brand sellers. The digital [...]

Korean’s Obsession for Luxury Goods Continues Despite Pandemic

Korean’s Obsession for Luxury Goods Continues Despite Pandemic

SEOUL, April 20 (Korea Bizwire) — Despite the ongoing pandemic, South Korean consumers are still obsessed with luxury goods. Members of the younger generation in their 20s and 30s have risen as the primary consumers of luxury merchandise, gladly lining up in front of department stores to purchase limited editions of luxury brand goods. Luxury [...]