Perfume Archives | Be Korea-savvy
Department Stores See Jump in Perfume Sales Despite Shrinking Cosmetics Market

Department Stores See Jump in Perfume Sales Despite Shrinking Cosmetics Market

SEOUL, Feb. 9 (Korea Bizwire) — Perfume sales in South Korea have gone up despite the suspension of perfume testing at department stores. Last December, South Korean retailers suspended all practices of testing cosmetic samples at offline vendors in accordance with government regulations, which has led to a plunge in cosmetics sales at department stores. [...]

‘Luxury Taxes’ Abolished for Certain Items

‘Luxury Taxes’ Abolished for Certain Items

SEOUL, Dec.1 (Korea Bizwire) – Aficionados of certain high-end goods will be pleased to find out that some items have been removed from the ‘Individual Consumption Taxes’ list, meaning they will now be exempt from what is often referred to as a ‘luxury tax’. Perfume, cameras and deer antlers were removed  from the list, but [...]

Perfume to Be Exempted from Taxation Starting 2015

Perfume to Be Exempted from Taxation Starting 2015

SEOUL, Aug. 14 (Korea Bizwire) — Beginning January of next year, the government will exempt taxes on perfume, deer velvet antler, and royal jelly for purchases less than 150,000 won (US$145.60). With the new measure, it is expected more consumers to make online purchases of perfumes from overseas shopping sites. According to the Ministry of Strategy & [...]