FAPIS — authenticated pre-owned luxury, from Seoul to the world.

FAPIS is operated by LRHR Inc., founded in Seoul in June 2021. Our platform buys pre-owned luxury directly from consumers across Korea — a sourcing model that gives our B2B partners access to an inventory pool that does not overlap with auction-based supply chains, at conditions only direct sourcing can offer.

More than 10,000 sell requests reach our platform every month, keeping our catalog deep and constantly refreshed with one-of-a-kind pieces. We are backed by institutional investors including Smilegate Investment, SparkLabs, BonAngels Venture Partners and Bass Investment, and we supply retailers and resellers across Europe, Japan, the Middle East and the United States. Our Japanese subsidiary, JM Associates Inc. (Tokyo), holds a secondhand dealer license for direct trade in Japan.

Every piece in this store passes a multi-point inspection — materials, hardware, stitching, serial and date codes — and carries a condition grade (N / S / A / B / C) you can rely on. Learn more on our Authentication & Condition page.

“The secondary luxury market has always run short on one thing: trust. We built FAPIS to fix that. Every piece we ship has been inspected and authenticated by our own specialists before it reaches you — and we stand behind every single item. To our partners around the world: we know each order puts your reputation in our hands, and we treat it that way. If you would like to know who you are dealing with, you are always welcome to reach out to me directly.”

Jeongmin Kim

Founder & CEO, FAPIS (LRHR Inc.)

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PR Times (Japan) · Aug 2026

Korea’s fastest-growing pre-owned luxury platform FAPIS completes Series A bridge, enters Japan

Announcement of the Series A bridge round and full-scale entry into the Japanese market through Tokyo subsidiary JM Associates Inc.

WowTale · Jul 2026

FAPIS raises Series A bridge round led by Smilegate Investment and SparkLabs

Smilegate Investment makes its third follow-on investment in LRHR, joined by SparkLabs, to accelerate global B2B expansion.

ZDNet Korea · Nov 2022

“A global startup covering the full life cycle of luxury goods”

Feature on FAPIS’s vision of managing luxury items across their entire life cycle, from authentication to resale.

Money Today · May 2022

FAPIS secures ₩1.1B pre-Series A investment

BonAngels Venture Partners and Bass Investment join, with a follow-on from Smilegate Investment.

Platum · May 2022

Luxury platform FAPIS attracts pre-Series A funding

Coverage of the pre-Series A round and FAPIS’s growth in the luxury market.

VentureSquare · May 2022

LRHR, operator of FAPIS, raises new investment

Report on LRHR’s funding and its plan to scale the pre-owned luxury business.

FAPIS also operates a consumer service in Korea at fapis.io. For partnership or verification inquiries, please use our contact page — we are happy to provide company registration documents on request.