Luxury Market Shows Rapid Growth
Friday, April 20th, 2007Korea’s luxury market grew rapidly last year. According to information from the Financial Supervisory Service, Louis Vuitton Korea’s sales last year increased by 35.8 percent to W121.3 billion (US$1=W929), up from W89.3 billion in 2005. The luxury goods maker’s net profit grew a whopping 92.7 percent from W4.1 billion in 2005 to W7.9 billion in [...]