Local retailers in Busan have started offering large discounts as the Korea Black Friday event began today.
Four Lotte Department stores in Busan are offering discounts for 580 brands in their stores.
Centum City’s Shinsegae Department Store will mark down items in its outdoor, golf, imported children’s clothes, and imported kitchen wares sections.
Large supermarkets in the city are also taking part in the Black Friday event by selling discounted fresh food and homewares.
Nationwide, more than 26,000 retailers across the country started massive promotional sales events today, wooing foreign tourists and locals to buy goods at cheap prices.
The government has expressed hope the promotions will stimulate sagging domestic demand.
Under the title, Korea Black Friday, home appliance makers such as Samsung Electronics will also hold various sales events for 2 weeks.
Asia’s fourth-largest economy has been hit hard by sagging exports and still weak consumer spending.
Outbound shipments fell 14.9% on-year in August and 6.3% for the first eight months of the year.
By promoting spending, the country can make up for falling exports and generate much-needed growth.
Luxury department stores, large discount chains, convenience stores, traditional markets and even online shopping malls will take part, with discounts of up to 50-70%, according to the government.
Source: Busan eFM News
The Latest Haps
The country’s top court has sentenced a South Korean man to 12 years in prison for attempting to murder the U.S. ambassador to South Korea Mark Lippert.
The Kim Young-ran anti-graft law is taking in effect starting today. The law aims to prevent government employees and various officials from receiving bribes.
Busan Subway Lines 1, 2 and 3 have begun emergency services today due to a general strike of the Busan Metro Labor Union.
Schedules are up, books are printed and available, and tickets go on sale this Thursday at 2 p.m. It’s time to pull out the scratch pad and start planning your week.
Miles Teller and Aaron Eckhart have been confirmed as guests for the 21st Busan International Film Festival.
The Busan One Asia Festival is offering free admissions to Taste Busan and the Korean Wave Star & Beauty Collection for foreign guests at BEXCO.
Cancer remained the leading cause of death in South Korea in 2015, with fatalities from pneumonia rising sharply amid a rapidly aging population, government data showed Tuesday.
The Busan International Food Expo 2016 will be held in BEXCO from October 6th to the 9th.
Pei Wei Asian Diner is set to open a location in Busan by the end of 2017 according to a company press release.
A new survey by MasterCard shows that Seoul is once again the 10th most popular city for travel in the world.
Busan’s neighbor to the north has a lot going for it for a fun weekend that’s not so far from home.
While many head to Thailand in search of its magnificent culture, Chiang Mai is a great place to start and one of her best offerings are her awesome temples, known as “Wats”.
North Korea’s goalkeeper gives up one of the worst goals ever — to the opponent’s goalkeeper in an AFC U-16 championship match.
A 29-year-old woman was seriously injured this month when a bungee jump operator failed to secure her rope to the safety hook.
Suyeong-gu Office runs the Stand Up Paddle Board Academy at Gwangalli Beach in September and October.