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. [...]