It is a new year and a new era for several luxury brands in South Korea. .
Due to sluggish results stemming from the luxury market in South Korea, three upscale brands are changing their top executives, according to a report from the Korean Times
Michael Kim will be the new chief exec at Salvatore Ferragamo Korea, replacing Choe Wan, who held the top position there for 17 years. Ralph Loren also replaced its president to start off 2014. Current President Jung Sean steps down after10 years. Sean will be replaced by Current VP Kim Liz will replace Sean effective January 2.
…. MCM has appointed Oh Na-mi to become its new leader who will take office at the beginning of next year. Oh previously served as vice president at Kolon Industry.