luxury

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 ...

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...

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 ...

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...

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...

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...

Electric vehicles Hyundai boosts Genesis with enhanced performance, luxury

NEW YORK -- Hyundai Motor Co., South Korea’s top automaker, is set to boost its premium brand Genesis with performance models and more luxury ...

Construction Ssangyong E&C wins deals for two Dubai luxury residences

Ssangyong Engineering & Construction Co. announced on Monday that it secured two luxury residence construction projects in Dubai, United Arab Em...

Future mobility Hyundai, Red Sea Global agree on EV, AAM projects in Saudi luxury resorts

South Korea’s top automaker Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Globa...

Retail Duty-free shops at Incheon International Airport eager to lure boutiques

Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their o...

Robotics LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

Travel & Leisure South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales...

Travel & Leisure Korea’s luxury resort market blossoms despite slow economy

South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...

Food & Beverage Lotte gets exclusive right of Bacha Coffee in S.Korea

South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...

Automobiles Mercedes-Benz unveils New E-Class in S.Korea

Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...

Electronics LG to double CES 2024 exhibition booth

LG Electronics Inc. will double its dedicated exhibition booth for the LG Labs marketing platform at CES 2024, the world's largest IT and consumer e...