South Korea Luxury Goods News

Related Luxury Goods & Services Industry News

• January 2023: Fossil Group launched a new marketplace, 'Katchin,' in the United Kingdom specifically for jewelry and watches. The company claimed that Katchin aims to offer consumers a new way to shop for accessories, bringing together 'the most sought-after names together in a one-stop-shop' alongside curated content and how-to-style guides.
• October 2022: Huawei launched the Watch D in the German market. The watch was claimed to have a blood pressure monitor feature which already has regulatory approval for the United Kingdom and Europe. The company launched its product through its website and other third-party online retailers as well.
• October 2022: Amazfit launched its water-resistant smartwatch, Amazfit Falcon, in Germany. The company made the watch available through the Amazon website and the manufacturer's website. It featured a particularly robust titanium case, more than 150 sports modes, and 24/7 health monitoring.

• In May 2022, the high-jewellery brand Buccellati opened its first boutique in Singapore at the shops at Marina Bay Sands, that is designed in line with Buccellati's other architectural concepts, the maison has brought over the best of Italian savoir-faire with its iconic High Jewellery pieces. The iconic Bluebell Watch, for one, is distinguished by its slight flower-shaped white gold case, encrusted with diamonds, and finished with a blue enamel and diamond dial.
• In December 2021, Gucci has launched an online store for shoppers in Singapore, stocked with its bestselling handbags, sneakers, clothes, jewelry, and even makeup products from the Gucci beauty line.
• In May 2020, A Singapore-based luxury brand GRAY, known for its futuristic and architectural designs, expanded into luxury Apple Watch cases with the launch of the CYBER WATCH collection. The CYBER WATCH case complements Apple's leading-edge technology with a re-imagined exterior and only a limited number of CYBER WATCH cases were produced for three of the four exclusive models.

• In May 2022, Dior, the French fashion brand opened a large pop-up store in Seoul, South Korea. The store features several rooms inside, each dedicated to a definite segment of the women's ready-to-wear line.
• In January 2022, Sequoia Capital China agreed to acquire a prominent stake in the South Korean luxury brand We11done, the in-house brand of the Korean concept store, Rare Market.
• In February 2021, Kampos, an Italian luxury brand, entered the South Korean market to support its global expansion. Kampos agreed to a partnership with Sanghyun Yu, a distributor with deep knowledge of the market and luxury goods, based in Seoul.

• In February 2022, HUGO BOSS entered into a long-term, strategic partnership with HeiQ AeoniQ LLC, a fully owned subsidiary of Swiss innovator HeiQ Plc to promote sustainability within the fashion industry.
• In January 2022, the Givenchy brand launched the new GIV1 sneaker with the Pre-Spring 2022 collection to increase the consumer base.
• In March 2021, The fashion house MCM (Mode Creation Munich) launched its first fragrance under licensing deal with Inter Parfums. MCM Eau de Parfum had launched globally including in Germany.

• In July 2022, Cortina Watch Thailand launched the new luxury watch boutique at The Mandarin Oriental Hotel. Providing customers the unique shopping experience. The new boutique combined 3 watches brand within area of 156 sqm., including Patek Philippe, Franck Muller, and Breguet.
• In July 2022, Ulysse Nardin unveils a new model launch of its new Diver Chrono Great White it is a limited edition watch with satin finish titanium case and displays a white, unidirectional, rotating, rubberized bezel.
• In June 2022, Estée Lauder Travel Retail launched its luxury fragrance collection in Thailand in partnership with King Power Duty-Free. The Luxury fragrance collection, featuring eight scents, will be available via the retailer's downtown and online stores, and Suvarnabhumi airport.

• May 2024: WOW Skin Science updated its product lineup, ‘Activated Naturals,’ following thorough research on customer preferences. This new platform combines natural ingredients with advanced scientific activities to cater to personal care needs.
• February 2024: Herbal Essences launched 11 Newly Formulated Shampoos and Conditioners. Every new blend contains pure aloe and camellia oil, certified by The Royal Botanic Gardens, KEW plant specialists.
• December 2023: Unilever acquired the premium haircare brand K18, known for its innovative products. Among K18's offerings is the Herbal Red Onion Hair Shampoo, which harnesses the power of onion extract to combat dandruff while nourishing the hair effectively.

• April 2024: Nivea expanded its anti-aging product portfolio by launching the Q10 Dual Action serum. The company claims that the serum targets sugar-induced skin aging and wrinkle formation. The formula was designed to prevent protein glycation in the dermis skin layer, protecting collagen and elastin from damage. 
• March 2024: L'Oréal Canada launched SkinBetter Science, a medical aesthetic skincare brand, adding it to the L'Oréal Dermatological Beauty (LDB) division. The brand claimed that SkinBetter Science is currently distributed across Canada and on the www.skinbetter.ca website.
• March 2024: Dermalogica launched its new product - Circular Hydration Serum. The product comprises hyaluronic acid and algae extracts, forming a moisturizing matrix that delivers rapid and enduring hydration. This dynamic combination forms a protective barrier, safeguarding skin against moisture loss.

• February 2024: MamyPoko Pants launched Extra Absorb Pants with 30+ patented technologies. The diapers are claimed to be up to 60% absorbent.
• January 2024: Pampers launched a new Pampers Premium Care Diaper – a 360-degree coverage all-in-one diaper for babies. It has an inbuilt anti-rash blanket and lotion with aloe vera to protect the baby's delicate skin from rashes.
• January 2024: Procter & Gamble Korea, a subsidiary of the global parent – Procter & Gamble Company, launched one of its newest additions to its product lineup - Pampers Baby-Dry Pants -- a baby diaper designed to provide improved absorbency. Pampers Baby-Dry Pants -- a baby diaper intended to provide enhanced absorbency.

• November 2023: Aetrex launched a new personalized footwear recommendation platform – FitStarter, developed with shoe fit testing company Heeluxe, to help retailers improve their shoe fitting service for shoppers, reduce returns, and increase customer satisfaction. 
• November 2023: Fyous, a custom-fit footwear brand, secured an Innovate UK match-funded grant of GBP 1.4 million to combat the occurrence of diabetic amputations. The grant will enable the company’s founders to expand their exclusive polymorphic molding technology combined with 3D scanning custom-made footwear in healthcare, thereby enhancing their ability to manufacture diabetic footwear with specialized orthotic features. 
• February 2022: The American Diabetes Association partnered with Dr. Comfort to take the next step in preventing and treating foot complications.

• April 2023: Life Fitness partnered with Bayerwaldhof, a wellness hotel, to furnish its new fitness room with premium fitness equipment, ensuring a top-notch wellness experience for guests.
• September 2022: Peloton Interactive, Inc. unveiled Peloton Row, an innovative fitness equipment featuring cutting-edge software and a premium hardware design tailored for low-impact, full-body cardio and strength workouts.
• August 2021: Johnson Health Tech (JHT) acquired Matrix Fitness South Africa, formerly a distributor, thereby establishing JHT as the inaugural fitness equipment manufacturer with a wholly-owned subsidiary in Africa.