Sales of Fake Goods Double in South Korea Amid COVID-19

The Korean Intellectual Property Office (KIPO) is cracking down on the luxury counterfeit market. The number of fake goods being sold has seen a surge of 204 percent when comparing January to August of last year to this year.Director of the intellectual property investigation division at KIPO Chung Kee-Hyun stated that the rise in demand for counterfeit products has a positive correlation with an overall increase in online shopping caused by the COVID-19 pandemic. According to Statistics Korea, ...