The luxury market on the decline

Consumers have noticed prices increasing while quality deteriorated.

2024-11-27

Coupang launches luxury beauty product app, features over 20 brands

Dubbed R.LUX, the service will integrate Coupang's existing Rocket Delivery to ensure same-day or next-day shipment for the new service.

2024-10-02

반짝이는 것에 돈 몰린다, 주얼리가 이끄는 명품 트렌드

Chanel and LV Monogram bags, Gucci loafers and Celine caps: coveted items, but not an uncommon sight on the streets of Korea. To distinguish themselves from the crowd, high-spending consumers are looking to jewelry and watches. Brands are banking...

2024-09-11

Korean monochrome painting inspires Louis Vuitton Spring/Summer collection

Fashion meets art in luxury brand Louis Vuitton 2025 Spring/Summer collection “Fall,” with a few of its items inspired by the late artist Park Seo-bo (1931-2023), one of Korea’s most renowned masters of dansaekhwa, Korean monochrome painting.

2024-09-04

More bling for your buck: Watches, jewelry lead new luxury trend

With consumers of luxury goods trending toward watches and jewelry, brands are looking to capitalize on the trend.

2024-08-31

Louis Vuitton raises prices in Korea amid backlash against LVMH

Luxury brand Louis Vuitton has raised its prices by an average of 5 percent amid consumer ire over inflated prices and labor abuse by parent company LVMH.

2024-07-03

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.

2024-06-22

Anti-corruption commission closes case on first lady's luxury bag scandal

The Anti-Corruption and Civil Rights Commission closed the case regarding first lady Kim Keon Hee's luxury bag allegations, saying that there were no violations of law.

2024-06-10

Bunjang-hosted flea market puts 1,000 celebrity-owned items on sale

Celebrities Kong Hyo-jin, Uhm Ji-won and Choi Soo-young teamed up with secondhand trading app Bunjang to host a secondhand flea market in Seoul. Around 1,000 items went on sale.

2024-04-15

Companies skirt license plate rule for imported cars with fake invoices

Businesses seeking to avoid drawing attention with bright green license plates are underreporting the cost of imported vehicles.

2024-04-08

korea joongAng daily