Korean Job Discussion Forums

[hanguker]

Demonoid is back! Good prices even in Korea.

[cubanlord]

[schwa]

"Korean pricing sickens me to no extent" = happy customer!

[cubanlord]

[whome?]

I've done a bit of research on to Korean pricing during the 2000s.

What I found was that nationalism is an active part to pricing here. The product that might be made in Korea is priced identically, though most of the time higher, than it's US or Canadian counterpart. This is particularly true of electronics.

What I was told was that in the earlier part of this decade Korean products were generally seen and considered to be of lesser quality than their Japanese competition. The Japanese products being of a better quality had a higher price. Relying on nationalism and anti-japanese sentiment, the Korean products were priced at roughly the same as the Japanese products; the idea that the Korean consumer will choose to purchase the Korean product.

Another element of the pricing was to act as a subsidy. Korea was/is considered a guaranteed market; so market share will always be high. The higher prices and profits generated there from in the domestic market acted as a subsidy for allowing Korean products in foreign markets to sell at lower prices, undercutting the prices of their competitors in those markets. This was done to boost sales but also to try to gain a foothold and product share within the foreign markets.

Korean products are still sold at exorbitant markups in Korea, whether because of some of the things discussed in this thread already, or possibly as a carry-over from the early part of this decade.

In either case, the Korean consumer is voluntarily being screwed by it's own people and own corporations.

I would be outraged, but I guess nationalism trumps reason here.

[Slaps]

[schwa]

[cubanlord]

[whome?]

[cubanlord]

[nobbyken]

I think people feel proud of paying lots of money for things,
as it implies that a quality product has been purchased.

Also, people also like to get a bargain and pay as little as possible.

It's the middle ground which leads to confusion.

[Underwaterbob]