Consumers line as much as pay for his or her groceries throughout a sale at a grocery store in Yongsan District, Seoul, Nov. 3. Yonhap
Korea kicked off its largest-ever annual buying occasion Friday amid efforts to spice up non-public spending and promote tourism.
The Korea Sale Festa, Korea’s equal of Black Friday, can be held each on-line and in shops nationwide by Nov. 30, with round 2,600 firms taking part, in keeping with the Ministry of Commerce, Trade and Power.
This yr’s participation is the most important for the reason that pageant’s launch in 2016, surpassing 2,316 firms in 2023.
Main low cost chains and shops will provide bargains on trend, meals and different objects, whereas additionally offering alternatives for small producers and regional specialty producers to advertise their merchandise.
“We hope that the Korea Sale Festa, held on a document scale, serves as a chance so as to add vitality to home consumption,” Vice Trade Minister Park Sung-taek stated in an announcement.
Retail gross sales, a gauge of personal spending, dropped 0.4 % in September from a month earlier than, following a 1.7 % month-on-month development in August, authorities information confirmed earlier. (Yonhap)
