High-end Knockoff Retailers Busted in Seoul’s Busiest Tourist District
In this article (5)
The gang launched operations in April, and has since sold 40-million-won ($36,245) worth of knockoff products from 41 brands that included luxury brands Louis Vuitton and Rolex. Converting the sales figure to the retail value of their respective genuine products, they were worth over 8.3 billion won, the police said.
The suspects displayed the products without the logo engravings to evade police crackdowns. Instead, they sold the final products with the logos at a separate storage area only when visiting customers asked for counterfeit products.
“Counterfeit products can badly hurt the image of Myeongdong, so we plan to continue our crackdown operations jointly with the local government and the intellectual property office,” said a police official.
Image Credit: Yonhap
Questions & Answers
Q.How did the retailers avoid immediate detection by the police?
How did the retailers avoid immediate detection by the police?
The suspects displayed the counterfeit products without logo engravings in their shops. They only added the logos and sold the final items to customers from a separate storage area when requested, helping them evade crackdowns.
Q.How much revenue did the arrested retailers generate from selling counterfeit goods?
How much revenue did the arrested retailers generate from selling counterfeit goods?
The four retailers sold products worth 40 million won, which is approximately $36,245. This figure represents the sales value of the knockoff items themselves, not the value of genuine products.
Q.Which specific luxury brands were among the 41 counterfeited?
Which specific luxury brands were among the 41 counterfeited?
The retailers were selling counterfeit products from 41 brands, including well-known luxury names such as Louis Vuitton and Rolex. The article does not specify any of the other 39 brands involved.
Q.What is the police's future strategy to combat counterfeit sales in the area?
What is the police's future strategy to combat counterfeit sales in the area?
Police plan to continue their crackdown operations in Myeongdong. They will be working jointly with the local government and the intellectual property office to address the issue and protect the district's image.
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