Auction Archives | Be Korea-savvy
Black Friday Looms Large for Overseas Direct Purchase Firms and Local Retailers

Black Friday Looms Large for Overseas Direct Purchase Firms and Local Retailers

SEOUL, Nov. 21 (Korea Bizwire) – As November 24 or “Black Friday” inches closer, local retailers are rolling out limited time discounts in what is expected to be a boom year for overseas direct purchases.  Overseas direct purchasing companies enable customers to procure goods at local prices and have their products shipped directly to their [...]

Seafood Off-Cuts Offer Value to Savvy Shoppers

Seafood Off-Cuts Offer Value to Savvy Shoppers

SEOUL, Jul. 19 (Korea Bizwire) — As South Korea’s economic slump continues to take its toll on consumers, and with the price of seafood on a steady rise, off-cuts of seafood that have been widely ignored by the public such as salmon head and squid mouth are becoming increasingly popular. According to data released by online [...]

Popularity of Government’s Public Auction Website Soars

Popularity of Government’s Public Auction Website Soars

SEOUL, March 20 (Korea Bizwire) – A public online auction system called “Onbid” is seeing a growing number of users, according to the organization behind the website, the Korea Asset Management Corporation (KAMCO). Onbid, an auction service which began in 2002, was introduced to make it easy for both buyers and sellers to bid and [...]

30-Something “Kidults” Lead Online Auction Market

30-Something “Kidults” Lead Online Auction Market

SEOUL, Feb. 27 (Korea Bizwire) – While auctions have become more accessible to the general public with their growing popularity online, men in their 30s have emerged as big spenders driving the growth of Korea’s online auction market.  According to the latest data from Seoul Auction Blue, a local online auction firm, 30-something men currently [...]

Jeju Introduces Electronic Auction for Tangerines

Jeju Introduces Electronic Auction for Tangerines

JEJU, Nov. 15 (Korea Bizwire) – The Jeju Provincial Government announced Tuesday that it will begin operation of an electronic auction platform for the island’s symbolic fruit, tangerines.  In a joint collaboration with Jejusi Nonghyup (a local agricultural cooperative), the system will launch on November 22, offering for sale tangerines with a minimum of 10 [...]

Korean Art Market Revitalized

Korean Art Market Revitalized

SEOUL, July 12 (Korea Bizwire) – After years of downturn, the Korean art market is prospering once again. According to the Asian Art Market 2015 report, last year’s total bids at seven domestic art work auctioneers totaled 189.23 billion won ($165 million). Revenue was close to 2007’s 192.66 billion, which was the most prosperous year [...]