SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s e-commerce giants are increasingly venturing into the luxury goods market, seeking new revenue streams amid a slowdown in industry growth over the past few years. According to industry sources, online retailer Kurly launched a luxury shopping platform in December 2024, offering 990 products from over 30 high-end brands, [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s leading carmaker Hyundai Motor Co. saw the Genesis mid-size luxury sedan rank third in terms of annual sales in the United States last year for the first time since its debut there, industry data showed Monday. Hyundai Motor sold a total of 24,917 units of the second-generation [...]
SEOUL, Korea, Jan 06 (Korea Bizwire) –As the government begins to impose an additional charge of luxury taxes on high-end handbags effective on January 1 this year, the prices of major handbag brands such as Chanel, Ferragamo, Prada, and Yves Saint Laurent are expected to rise accordingly, in some cases as much as 1 million won more. [...]