Louis Vuitton Hikes Prices in Korea

Luxury brand Louis Vuitton announced a price hike for wallets and handbags in Korea on Tuesday "in accordance with the policy of headquarters in France."

The average price rise is seven percent and follows hikes in October 2012 and March 2013.

Luxury brands are significantly more expensive in Korea than elsewhere, but that has not dented their popularity.

englishnews@chosun.com / Mar. 26, 2014 12:02 KST