The largest-ever annual shopping event in Korea will take place next week amid the government's effort to curb high prices and boost private spending, the Industry Ministry said Wednesday.
Employees of the Incheon Regional Customs office separate packages at a logistics center after a surge in orders from China’s Singles Day and Black Friday.
The Korea Customs Service said Monday that it is increasing inspections on overseas packages until the end of the year. Packages arriving from overseas are expected to surge during China’s Singles Day and Black Friday.
The annual Korea Sale Festa shopping event actually did succeed in boosting consumption, according to statistics from the Ministry of Trade, Industry and Energy, released Friday.
The annual Korea Sale Festa kicked off this month with more than 1,600 companies taking part in Korea’s version of Black Friday.
More than 1,300 companies will give discount offers for the Korea Sale Festa event scheduled to run from Nov 1. to 15 this year, with hopes the event will boost consumption and help businesses.
Black Friday seems to be coming earlier every year, with retailers holding sales far ahead of the late November shopping event as they try to revive business lagging as a result of the pandemic.