Korea Joongang Daily
Korea JoongAng Daily

Luxury platforms Must It, Trenbe, and Balaan penalized for violating advertising, e-commerce laws

The Fair Trade Commission (FTC) issued corrective orders and imposed a total of 12 million won ($8,460) in fines and 16 million won ($11,700) in penalties against three online luxury retail platforms for violations of advertising and e-commerce laws.

2025-04-20

Appraisers appreciated as worries over faux luxury items rise

The business of authenticating luxury goods is growing as more high-end products are being sold and bought on a variety of platforms including online secondhand shopping malls.

2022-09-14

Unloading those $10,000 used sneakers has never been easier

The online luxury market is starting to pay attention to used items. Resale of luxury goods is increasing and related services are growing and becoming more sophisticated.

2022-08-23

Luxury marketplaces leave customers feeling shortchanged

The demand for high-end goods has been on the increase, leading in turn to growth in luxury online marketplaces. But such platforms are facing criticism for imposing high return fees and even selling fake items.

2022-08-15