SEOUL, April 10 (Korea Bizwire) — Louis Vuitton Korea has said its net income rose 68.9 percent in 2022 from a year earlier, boosted by the “revenge shopping” trend during the pandemic and price increases. Louis Vuitton Korea Ltd., the Korean arm of the French luxury house, logged a net income of 380 billion won [...]
SEOUL, March 21 (Korea Bizwire) — LVMH Chairman and CEO Bernard Arnault has discussed potential partnerships with top executives of South Korean department stores, officials said Tuesday, as the French luxury empire is seeking to boost its presence in Asia’s fourth-largest economy. Arnault held a series of separate meetings with top executives of three local [...]
SEOUL Jan. 19 (Korea Bizwire) – The market for niche perfumes in South Korea has grown steadily in the past few years as a consumer mindset centering on the acquisition of “minor luxuries” and devotion to the highlighting of personal taste and artistic inclination has bloomed. According to industry insiders, sales of niche perfumes at [...]
SEOUL, Aug. 14 (Korea Bizwire) — Korea’s big-three talent agencies–SM Entertainment, YG Entertainment, and JYP Entertainment–are competing hard in launching new idol groups. Of these, however, only YG Entertainment has seen its share price soar recently while others are languishing in the market. According to financial investment sources on August 13, the top-three entertainment agencies have debuted [...]