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Louis Vuitton Korea Faces Backlash Over Foul-Smelling Luxury Items; 10,000 Inquiries in One Month

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Watch Louis Vuitton s pre-fall 2023 show live from Korea

Can Korea end its love affair with Louis Vuitton, Chanel, Hermes?

Louis Vuitton, Chanel and Hermes, three of the most popular foreign luxury goods brands here, made headlines last week when they were found to have earned hundreds of millions of dollars in profit in Korea last year only to send most of it to their headquarters abroad. According to their audit reports compiled and released by the Financial Supervisory Service, however, the three made no or little social contributions in Korea.

Revenge shopping drives Louis Vuitton, Christian Dior Korea profit surge

Louis Vuitton Korea has said its net income rose 68.9 per cent in 2022 from a year earlier, boosted by “revenge shopping”.

Louis Vuitton s record sales in South Korea boosted by shopping sprees

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

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