Banners promoting the Korea Sales Festa hang on the streets of Myeong-dong, central Seoul, on Sunday.
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.
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.
The government will distribute vouchers and promote discount events to boost consumption and kick-start an economy troubled by the pandemic. The coupons can be used in eight business areas.