secondhand goods Archives | Be Korea-savvy

Retailers Pour Investment into Secondhand Products Trading Platforms

SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s major retailers are making a string of investments in secondhand marketplace platforms. Bungaejangter, the operator of the country’s first secondhand transactions app, recently attracted an investment of 82 billion won (US$68.9 million). In the latest investment round, retail giant Shinsegae Group participated as a new investor through [...]

Pandemic Propels Secondhand Goods Transactions in S. Korea

SEOUL, Sept. 25 (Korea Bizwire) — Lying on a couch after work, Lee Sun-young, a 41-year-old office worker, often browses a list of goods uploaded on an online secondhand marketplace app as she seeks to find a good deal. Since Lee successfully sold a shoulder massager, mugs and other miscellaneous goods last year through the [...]