luxury market Archives | Be Korea-savvy

Hyundai Motor’s Genesis Ranks 3rd in U.S. Mid-Size Luxury Market

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 [...]

High-priced Handbags to Be Subject to Luxury Taxes

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. [...]