Swiss luxury watch

Fashion Hermès, Louis Vuitton, Chanel: Winners in S.Korea’s luxury market

South Korea’s luxury goods market is becoming increasingly polarized, with ultra-high-end brands such as Hermès, Louis Vuitton and Chan...

E-commerce Luxury fashion platform Balaan files for court receivership amid slump

South Korea’s top luxury goods e-commerce platform Balaan Co. said on Monday it has filed for corporate rehabilitation with a Seoul court as t...

Retail Koreans’ craving for luxury goods fades

Until recently, it was not unusual to see people waiting in a long line in front of foreign haute couture brands’ stores early in the morning ...

E-commerce Korea’s beauty wholesaler to invest $10 mn in fashion platform Balaan

South Korea’s cosmetics wholesaler Silicon2 Co. is set to invest $10 million in financially troubled luxury fashion e-commerce platform operat...

E-commerce S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...

Beauty & Cosmetics Shilla Duty Free opens Guerlain Ultimate Boutique at Incheon Airport

South Korea's Shilla Duty Free Shop announced on Tuesday it opened the Guerlain Ultimate Boutique, the first flagship store in a global airport, at ...

Bio & Pharma Celltrion acquires Swiss pharmaceutical distributor iQone

South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...

Korean food S.Korea’s premium kimchi war escalated by luxury hotels

Kimchi, Koreans’ staple food throughout millennia, has become a new, lucrative revenue source for the country’s luxury hotel chain opera...

Automobiles Genesis unveils GV80 Black, GV80 Coupe Black

Hyundai Motor Co.'s premium brand Genesis on Friday unveiled its large-size sport utility vehicles (SUVs) the Genesis GV80 and GV80 Coupe Black mode...

Automobiles Nexen Tire N'FERA Supreme surpasses 1 mn sales

South Korea’s Nexen Tire Corp. said on Sunday its premium high-performance all-season tire N’FERA Supreme has exceeded 1 million cumulat...

Beauty & Cosmetics Shinsegae Int'l opens Swiss Perfection pop-up in Tokyo

Shinsegae International, the cosmetics and fashion division of South Korea's Shinsegae Group, entered Japan's ultra-luxury beauty market by promot...

IPOs LG Electronics mulls Indian IPO, to invest in HVAC, webOS content: CEO

LG Electronics Inc., a leading South Korean home appliance maker, is considering an initial public offering of its Indian business to help achieve a...

Electronics Samsung, Trek Bicycle launch Ultra Riding Challenge

Samsung Electronics Co. said on Tuesday that it launched the Ultra Riding Challenge in collaboration with global bicycle brand Trek Bicycle, offerin...

Korean stock market South Korean stocks rebound but still on rollercoaster

South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...

Banking & Finance Activist fund KCGI to buy Hanyang Securities for $180 mn

South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...

Beauty & Cosmetics Handsome's luxury skincare brand Oera lures Chinese tourists

South Korean clothing manufacturer and retailer Handsome Corp., a Hyundai Department Store Co. unit, is enjoying growing popularity among Chinese vi...

Retail More luxury brands seek Korean market on sales surge

South Korea’s luxury goods market, estimated at around $7.1 billion, is experiencing a surge in demand led by affluent consumers in their 40s ...

Short selling Korea slaps Credit Suisse with largest ever short-sale penalty

South Korea's financial regulator said on Wednesday it has officially imposed Credit Suisse Group AG and its affiliate a combined 27.2 billion won...

Travel & Leisure Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Automobiles Hyundai Motor to produce Genesis cars in Kazakhstan

Hyundai Motor Group will produce Genesis models from its knock-down (KD) plant in Kazakhstan to bolster the South Korean auto giant’s luxury m...

Electronics Samsung’s The Frame selected as display for Art Basel

Samsung Electronics Co. announced on Tuesday that its TV The Frame was selected as the first official display for the world's largest art fair Art B...

Food & Beverage Shinsegae Dept. Store to sell luxury wines in Gangnam

South Korean retail giant Shinsegae Group is set to sell luxury wines with price tags up to tens of thousands of dollars in Seoul, as demand for pre...

Korean chipmakers SK Hynix works on next-generation HBM chip supply plans for 2025

South Korea’s SK Hynix Inc. said on Thursday it is working on next year’s supply plans for its high-bandwidth memory (HBM) chips as clie...

Asset management Niche real asset creates new opportunities, Korean investors say

The scope of real assets is expanding with new businesses such as infrastructure operating services and supply chain management, creating niche oppo...

Automobiles Genesis beats BMW to rival Mercedes in Korea's premium segment

In South Korea, esteemed German auto brands BMW and Mercedes-Benz have for years been the top two brands vying for the hearts of luxury car buyers, ...

Travel & Leisure Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Renowned global hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South Korea to launch new five-star luxury hotels in...

Retail Used goods platform Gugus shines in slowing luxury market

Gugus, South Korea’s largest online retailer of secondhand luxury goods, posted double-digit growth in revenue and transactions in the first q...

Fashion Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic

Global luxury brands Louis Vuitton, Chanel and Dior saw worsening profitability of their South Korean operations last year after a few years of dece...

Retail Korea leads global online shopping trend for used luxury goods

South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest...

Retail Louis Vuitton opens its first 'Watches & Jewelry' store in S.Korea

Louis Vuitton announced on Friday that it opened its first Watches & Jewelry store in South Korea at the Shinsegae Department Store Gangnam loca...