• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
RetailPolitics
Europe

Bernard Arnault’s Dior is at the center of a South Korean political scandal after First Lady ‘gifted’ $2,000 bag

Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
January 26, 2024, 7:52 AM ET
Kim Keon Hee is reported to have accepted a $2,000 Dior bag as a gift, stoking corruption accusations.
Kim Keon Hee is reported to have accepted a $2,000 Dior bag as a gift, stoking corruption accusations.Hannah McKay—WPA Pool/Getty Images

A $2,000 Dior bag has found itself as the subject of a major political crisis that threatens to displace South Korea’s President months before an election.

The “Dior bag scandal,” as it is being dubbed in South Korean media, unraveled this week as the country grapples with hidden footage showing Kim Keon Hee, the wife of President Yoon Suk Yeol, receiving the bag as a gift from a pastor.

The pastor, Choi Jae-young, had implored the First Lady to encourage reunification with North Korea during a previous meeting. During that meeting, he says he had overheard her discussing sensitive state information in a phone call and became worried about her role in South Korea’s administration. 

Working with a YouTube channel that promotes rival left-wing politics, Choi then decided to covertly record their next conversation via a spy camera concealed in his wristwatch. He says he told Kim in advance about his plan to gift her the purse at the later meeting.

“A normal person would then say, ‘Reverend, I can’t see you if you do this,'” Reuters reported him saying. “But the First Lady gave me the place and time.”

In that later meeting, which local media reports as happening in September 2022, Choi was wearing the wristwatch when he presented the First Lady with the bag, valued at 3 million won ($2,240). 

The Korean Herald reported it had received confirmation from the government that the bag was “being managed and stored as a property of the government,” per the BBC.

Kim and her husband are being criticized by political rivals for accepting the gift, while President Yoon’s ruling People Power Party (PPP) has urged the pair to accept that accepting the gift was inappropriate.

Election tensions

The scandal couldn’t have come at a worse time as South Koreans prepare to go to the polls in April.

It has caused divisions in the party, with PPP’s leader Han Dong-hoon saying the gift could “be a matter of public concern.”

Yoon reportedly tried to get Han to resign following his remarks, though the pair have since mended their relationship, the BBC reports.

The furor over what appears to be a relatively low-stakes gift makes more sense given the context of Kim’s past.

The First Lady has faced plagiarism allegations about her Ph.D. alongside accusations that she lied on her CV. South Korea’s opposition has also accused her of stock market manipulation.

South Korea is also highly sensitive to any hints of wrongdoing in its public offices. In 2019, the country set up an anticorruption agency under the PPP’s political rival. 

“The questions surrounding Kim’s propriety have consistently undermined Yoon’s image as a corruption-buster,” Jeongmin Kim, editorial director at Seoul-based information service Korea Pro, told the FT.

South Korea is a prime luxury market for major brands like LVMH, which owns Dior.

Vogue Business reported that luxury goods sales grew by 30% in the country between 2018 and 2022, citing data from Euromonitor. According to a report from Time, luxury brands have jumped on “hallyu,” the phrase that represents South Korea’s wave of global popular culture breakthrough since the 1990s.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Ryan Hogg
By Ryan HoggEurope News Reporter

Ryan Hogg was a Europe business reporter at Fortune.

See full bioRight Arrow Button Icon

Latest in Retail

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Retail

Starbucks is winning customers back after investing $500 million in workers and stores
Workplace CultureFortune 500
Starbucks is winning customers back after investing $500 million in workers and stores
By Phil WahbaApril 29, 2026
5 hours ago
starbucks
Retailearnings
‘A little touch of luxury, it goes a long way’: Starbucks CEO sees the turn in the turnaround as human touch sings
By Nick LichtenbergApril 29, 2026
9 hours ago
greer
CommentaryTariffs
No, tariffs are not strengthening the economy
By Alex DuranteApril 29, 2026
11 hours ago
mormon
RetailMcDonald's
‘Our fans have an obsession with beverages’: McDonald’s jumps on ‘dirty soda’ trend from TikTok and ‘Secret Lives of Mormon Wives’
By Dee-Ann Durbin, Nick Lichtenberg and The Associated PressApril 28, 2026
1 day ago
Exclusive: Michael Boes talks being named the first-ever chief MAHA officer. ‘Nothing’s been off the table’
C-SuiteHealth
Exclusive: Michael Boes talks being named the first-ever chief MAHA officer. ‘Nothing’s been off the table’
By Catherina GioinoApril 24, 2026
5 days ago
Americans are buying more used clothes, but the real story is who’s buying what: Luxury resale is booming and so is discount
RetailU.S. economy
Americans are buying more used clothes, but the real story is who’s buying what: Luxury resale is booming and so is discount
By Marco Quiroz-GutierrezApril 24, 2026
5 days ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
2 days ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
2 days ago
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
Energy
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
By Shawn TullyApril 29, 2026
15 hours ago
Current price of gold as of April 28, 2026
Personal Finance
Current price of gold as of April 28, 2026
By Danny BakstApril 28, 2026
1 day ago
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
Politics
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
By Sasha RogelbergApril 24, 2026
5 days ago
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
Economy
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
By Sasha RogelbergApril 29, 2026
13 hours ago