The Korea Times Apr 25 24
Convenience stores become popular sales platform for small gold bars :
Amid rising gold prices, Koreans are hoarding gold sold at convenience stores as an ...
koreatimes.co.kr/www/biz/2024/04/126_373482.html
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Key FactsGold Bars Flying off Shelves in Korea's Convenience Stores and Vending Machines
May 8, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- South Korea's convenience stores now offer gold bars alongside ramen and sausages, proving to be a popular choice among consumers.
- CU, the country's largest convenience store chain, has teamed up with the Korea Minting and Security Printing Corporation to introduce mini gold bars to customers.
- Demand for gold bars and coins in South Korea surged by 27% year-on-year in the first quarter of this year, according to the World Gold Council.
- Furthermore, other convenience stores like the GS25 chain in South Korea have also capitalized on the gold trend by offering small gold wafers from vending machines.
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