People need money and not gift sets.

Rising cost of living and sluggish business.Sept 15, 2022.

By Foong Pek Yee

Many South Koreans are selling the Chuseok gift sets they received in order to have more cash in hand to battle the rising cost of living.
The popular gift sets include canned ham, seasoned tuna and red ginseng.
As the four- day Chuseok or Mid Autumn Festival celebration drew to an end on Monday, secondhand e-commerce platforms are  flooded with popular Chuseok gift sets for sale at a fraction of the original price,  according to Arirang News on Sept 12.
South Korea’s secondhand e-commerce platform Joongonara says canned ham  made up 30% of the goods put up for sale this festive season.
The e-commerce platform says gift sets which can be bought for half of the original price are selling well.
Meanwhile, another secondhand e-commerce platform held a promotion for resale of gift sets at a reasonable price.
Reselling Chuseok gift sets on secondhand e-commerce platforms reflected the people’s pressing need for more cash to beat soaring prices.
And there is little if no sign of  the inflation coming down anytime soon.

 

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