Deals
South Korea’s Handbag King Becomes a Billionaire
- Simone’s Park first to mass produce designer bags, author says
- South Korean has $1.2 billion fortune; founded handbag museum
Kenny Park
Photographer: Ahn Hoon/The Korea HeraldThis article is for subscribers only.
Meet the Henry Ford of designer handbags.
Kenny Park, 62, has been making them for luxury brands including Michael Kors, Marc Jacobs and Coach for more than three decades and his Simone Holdings claims it accounts for about 30 percent of the U.S. market and 10 percent of the world’s.