, South Korea

South Korea’s stores lure customers to spend relief funds on electronics

Some have, however, criticized this, saying that the funds were meant for small businesses.

Convenience store chains in South Korea are competing with various marketing strategies to entice customers to spend their emergency relief funds recently rolled out by the government on electronic devices, Korea Bizwire reported.

For instance, GS25 has expanded its collection of electronic goods from 60 to 90 products this 2021, including Apple’s AirPods Pro wireless earbuds and Samsung Electronics’s QLED TV.

CU is offering various home appliances, interior goods, electronic scooters and beam projectors.

E-Mart24 is offering the newest Galaxy Watch 4 smartwatch and other 28 kinds of wearable devices, as well as mobile accessories that can be purchased with disaster relief funds.

However, some have criticized this as inappropriate to let consumers spend their relief funds on electronic goods at convenience stores, claiming that it distorts the original intent of banning the funds’ use at large retailers in order to promote spending at small businesses.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Hydration products gain traction in APAC
It was driven by increased awareness of health concerns like global warming and modern lifestyles.
Ingka Group unveils strengthened climate targets
It focuses on reducing GHG emissions, carbon removal and storage, and contributions beyond the value chain.
How can retailers improve customer value and operations
Businesses must adopt a unified commerce strategy to meet consumer demand for seamless transactions driven by technology.

Exclusives

AI prompts fearless dive into corporate reinvention
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Indonesia’s future of retail lies in a blended approach
Industry leaders discuss the innovative strategies to meet evolving consumer needs at Retail Asia Forum 2024