Tag: luxury goods

luxury goods

Latest News

Seoul police seize record haul of knockoff luxury goods

Seoul authorities seized 7,369 suspected counterfeit luxury goods from an underground warehouse and referred a man to prosecutors.

2026.9.21

A lit corner building at dusk with light trails from passing traffic and nearby high-rises.

Shinsegae flagship store's foreign spending nearly doubles in Q1

Foreign card spending at Shinsegae's main Seoul store rose 98 percent in the first quarter after renovations expanded its luxury brands and tourist services.

2026.6.11

Minimalist Prada buys maximalist Versace for $1.4 billion in bid to relaunch sexier Milan rival

The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal.

2025.12.3

A pedestrian walks by a row of luxury good stores at a department store in Seoul on Jan. 2. [YONHAP]

Cartier, Bottega Veneta hike Korean prices despite global luxury slowdown

Luxury brands, including Cartier and Bottega Veneta, are raising prices in Korea by 5 to 10 percent despite global luxury slowdown.

2025.2.4

Dior-plorable: Designer brands face backlash in Korea over production scandals

Production scandals, from cheap sourcing to worker rights violations, have some Koreans rethinking luxury brands.

2024.6.22

In this photograph released by Pyongyang's state-controlled Korean Central Television on Monday, North Korean leader Kim Jong-un is seen greeting an official shortly after getting out of a Mercedes-Benz Maybach GLS 600 sports utility vehicle. The rear right-side door bears the insignia of his position as president of the North's State Affairs Commission. [YONHAP]

Kim's Maybach SUV raises doubts about sanctions on North

North Korean state media has aired footage of leader Kim Jong-un riding a previously unseen Mercedes-Benz sports utility vehicle (SUV) designated for his use, highlighting the regime's ability to import luxury goods despite international sanctions.

2024.1.18

A couple leaves a Hermès store in Paris with shopping bags. Picture taken in 2013. [REUTERS/YONHAP]

Chanel, Hermès, Prada to hike prices in the new year

Luxury brands including Hermès, Prada and Chanel are expected to raise their prices in Korea as demand for premium goods grows. Increases impact shoes, bags, watches and jewelry.

2024.1.3

Resellers rejoice as crackdown from Nike, Chanel are lifted

Fashion brands like Chanel, Hermès and Nike once limited purchases of suspected resellers but the restriction will be removed after an order from the antitrust regulator following an investigation.

2023.11.30

Pictured is a counterfeit Chanel bag attempted to be smuggled to Korea from China and confiscated by Incheon officials in August. [YONHAP]

Once scorned, knockoff luxury goods now sources of pride

Gen Z youths in Europe and the United States are unabashedly buying and comparing knockoff goods based on their quality and similarity to the original designs.

2023.11.24

Doling out for designer

A person enters Galleria Department Store's Gangnam branch in southern Seoul on Tuesday.

2023.2.7

Tag: luxury goods

luxury goods

Latest News

Seoul police seize record haul of knockoff luxury goods

Shinsegae flagship store's foreign spending nearly doubles in Q1

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