Fur prices are generally on the upswing. According to page 1 of the Wall Street Journal, South Korea is "emerging as one of the most 'luxury friendly' places in the world." As salaries increase and wealth spreads among the middle class, Koreans demonstrate this newly achieved status with the purchase of high-end luxury items. Fur plays well into this role.
Korea-based Jindo was the largest fur maker and retailer in the world a few decades ago but China has since passed them by. Not just sitting by the wayside, Jindo has established facilities in China (low labor costs). Korean policies have also changed regarding fur which will allow Jindo and The Fur Vault (a Jindo twin) to have outlets in Seoul and Inchon as well as major export capabilities.
History appears to be repeating itself. Forty years a go events unfolded that lead to a fur boom. Those same scenarios appear to be occurring today. Mild winters in Russia and Europe have stalled markets there but new markets are emerging in Italy, China and Greece. Even the "Gen Y" crowd in the good ole USA is embracing the "Fun Fur" rage as ski bunnies look for the "new going-green" market of a naturally renewable resource, real furs, versus the "evil, destructive" oil consuming faux (or fake) fur products of a generation ago. It's kind of weird - real fur has gone "green".
"We sleep safe in our beds because rough men stand ready in the night to visit violence on those who would do us harm." George Orwell, English novelist