2020 Korea Sale Festa leads to boost in consumer spending

Arirang News 2020-11-10

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코리아세일페스타 중간 결산...카드사 매출 8.4% 증가, 1,784개 업체 참여

South Korean credit card companies seem to have seen a boost in revenues from the "Korea Sale Festa"... the country's biggest shopping festival, which runs from November 1st until this weekend.
According to the Ministry of Trade, Industry and Energy, a total of more than 1-thousand-700 firms participated in the nationwide event.
Credit card companies' revenues for the first week of November went up by 8-point-4 percent compared to the same period last year.
And more than 2-thousand one-on-one online business interviews were arranged to encourage sales overseas.

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