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Revitalizing Spending: Korean ‘Black Friday’ to the Rescue

SEJONG, Aug. 27 (Korea Bizwire) – ‘Spending Festivals’ targeting both Korean and foreigners are set to open nationwide. They are expected to be the Korean version of ‘Black Friday’ in the US. Department stores, grocery stores, traditional markets and even online shopping malls will participate in the event. In order to energize spending to revitalize [...]

Consumers No Longer Fooled by Department Stores’ Frequent Sale Events

SEOUL, Korea, Mar 4 (Korea Bizwire) – Lee Sul-gi, housewife in her late 30s, recently bought a clothing item at a department store. Three days later, she went back to the same department store to buy something else and found out the item she had bought was sold at a 30 percent discount, which infuriated [...]