"명품" refers to luxury goods that are often associated with high quality, exclusivity, and prestige. These items typically include designer clothing, handbags, watches, and jewelry, which are produced by renowned brands such as Gucci, Chanel, and Louis Vuitton. The craftsmanship and materials used in these products contribute to their elevated status and higher price points. The concept of "명품" is not just about the product itself but also the lifestyle and image it represents. Owning luxury items can signify wealth and social status, making them desirable for many consumers. Additionally, the market for "명품" has expanded globally, with a growing demand in countries like China and South Korea.