SEOUL, April 12 (Korea Bizwire) — With the price of gold surging in recent days, an increasing number of investors are buying actual gold products. According to industry sources, the value of gold bars sold through the nation’s four major banks during the period from April 1 to 6 stood at about 2.49 billion won [...]
SEOUL, Feb. 16 (Korea Bizwire) — A growing number of South Korean consumers are purchasing safes for use at home. Lotte Department Store reported a 26 percent increase in sales of home safes last month, compared to the same period last year. Hyundai Department Store and Shinsegae Department Store also reported 43.8 percent and 40.6 [...]
SEOUL, Jan. 22 (Korea Bizwire) – Small investing in gold bars is gaining massive popularity in Korea. According to relevant industry experts, the sales of gold bars via the Korea Gold Exchange doubled from 704kg in 2013 to 1,383kg in 2014. The sales of gold bars during one month alone in December 2014 reached 381kg. Individuals [...]