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 [...]
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 [...]
SEOUL, June 21 (Korea Bizwire) – BMW said Wednesday it will sell its 10 millionth 5 series model through an auction in South Korea later this month. It is the first time for an imported carmaker to sell their limited editions in an auction here. An auction slated on June 28 will find the owner of [...]
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 [...]
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, 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 [...]
SCOTTSDALE, Ariz., Oct. 26 (Korea Bizwire) — Mark Phillips, the creator of Palcohol – powdered alcohol, has decided to auction off the secret formula and manufacturing process for Palcohol to the highest bidder in each of 130 counties. Phillips says, “We believe that Palcohol’s potential can be best realized by a person / company in [...]
SCOTTSDALE, Ariz., Oct. 20 (Korea Bizwire) — Mark Phillips, the creator of Palcohol – powdered alcohol, has decided to auction off the secret formula and manufacturing process for Palcohol to the highest bidder in each of 130 counties. Phillips says, “We believe that Palcohol’s potential can be best realized by a person / company in [...]
SEOUL, Sept. 20 (Korea Bizwire) – T.O.P of the popular K-pop boy band BigBang said Monday he feels honored to curate a charity auction by one of the world’s largest brokers of collectibles. “I carefully chose each one of the items to be put on sale in this event together with the Sotheby’s, keeping in close [...]
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 [...]