Counterfeit Goods losses in South Korea
Filed under: Asia, Counterfeit Goods and Piracy
Counterfeit products made in China cost South Korean firms $14.2 billion, equivalent to 5 percent of total exports, according to the Korea International Trade Association.
Source: “Chinese Imitations Undermining Korean Exports,” The Chosum Ilbo, January 15, 2007.
- Tags: South Korea Black Market
What about the counterfeit goods that are made in korea and are advertised and sold over G market,, inter park,, and such. These sellers are using pictures of hollywood stars wearing name brand clothing designs. They are copying the designs and selling them in these online shopping malls and stating in there advertisement that they are made in korea. I know for a fact that Victoria Beckham didnt buy her jackect from G market for 30 thousand won. Korea is doing the exact same thing as china.