Korea Sale FESTA

Retail Asia02/10/2018

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. Since 2016, the government has hosted the Korean version of Black Friday to stimulate domestic consumption. […]

Retail Asia30/03/2017

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 that consumers will be able to use to […]

Retail Asia07/12/2016

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 trillion won a year earlier, according to the report compiled by Statistics Korea. Purchases made […]

Retail Asia24/06/2016

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, Industry and Energy and the Ministry of Culture, Sports and Tourism jointly formed a task force to create the […]

Tag: Korea Sale FESTA

Korea Sale Festa kicked off last week

Korea to launch virtual reality shopping mall

Korean online shopping reaches new high

South Korea to Launch Nationwide Shopping Festival in Fall