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The Korea Sale Festa beginning Sept. 28 will fail to fulfill its aim of boosting consumption and helping small- and medium-sized enterprises (SMEs), as a growing number of retailers and consumers have turned away from the government-initiated discount event.…
A virtual reality shopping mall is set to be launched in Korea, backed by the government. The Ministry of Trade, Industry & Energy says it will be rolling out the mall during this year’s Korea Sale Festa – Korean Black Friday – in October. The ministry hopes…
South Korean online shopping reached a new record high in October, aided by a nationwide discount event, according to government sources. Total online transactions reached a record 5.6 trillion won (US$4.8 billion) in October, up 17.3 per cent from 4.8…
South Korea will hold a nationwide shopping festival involving major retailers, manufacturers and traditional markets in the fall to draw foreign travelers and jack up lackluster domestic consumption, the government said Tuesday. The Ministry of Trade,…
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