Louis Vuitton dominates fake products seized in Korea
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South Korea’s Customs service has released an intellectual property infringement report detailing the most-seized counterfeit goods over the past four years.
According to the report, South Korean officials seized more fake Louis Vuitton products than any other between June 2014 and June this year, a trend that accelerated over the period.
Agents seized KRW183.1 billion (US$224 million) worth of LV-trademarked counterfeit goods, mostly originating from China. Almost a quarter of those goods were seized within the last six months alone.
Democratic Party lawmaker Kang Byung-won, who commissioned and released the report, said: “Making and distributing fake goods is a criminal act that violates intellectual property rights, and it is required to toughen crackdown on such illegalities.”
Other frequently counterfeited brands include Rolex watches, Cartier jewelry, Chanel garments and accessories, and Gucci products.
Questions & Answers
Q.What is the total value of fake Louis Vuitton goods seized by South Korean customs officials?
What is the total value of fake Louis Vuitton goods seized by South Korean customs officials?
Officials seized KRW183.1 billion worth of LV-trademarked counterfeit goods. This amount is equivalent to US$224 million, according to the intellectual property infringement report.
Q.Where do most of the seized counterfeit Louis Vuitton products originate from?
Where do most of the seized counterfeit Louis Vuitton products originate from?
The report indicates that the majority of the fake Louis Vuitton goods seized by South Korean customs officials mostly originate from China. This is a consistent trend over the past four years.
Q.Which other luxury brands are frequently targeted by counterfeiters in Korea?
Which other luxury brands are frequently targeted by counterfeiters in Korea?
Besides Louis Vuitton, the report names Rolex watches, Cartier jewellery, Chanel garments and accessories, and Gucci products as other brands frequently counterfeited and seized in South Korea.
Q.Who commissioned and released the intellectual property infringement report?
Who commissioned and released the intellectual property infringement report?
Democratic Party lawmaker Kang Byung-won commissioned and subsequently released the intellectual property infringement report. He also called for a tougher crackdown on such illegal activities.
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