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dairyairy
Joined: 17 May 2012
Location: South Korea
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 Posted: Sat Mar 22, 2014 2:43 am Post subject: South Korea moves to restrict online overseas shopping |
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http://globalvoicesonline.org/2014/03/22/south-korea-moves-to-restrict-young-peoples-online-overseas-shopping/?gv_hidebutton_used=header-banner&gv_hidebutton_expiration=30
http://www.dailian.co.kr/news/view/411014
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Buying online from foreign sellers is one of hottest trends among young South Koreans at the moment, with last year's total purchase reaching one trillion Korean won [ko] (about 0.9 billion US dollars). Making web purchases allows shoppers to get their hands on products not available in the country or products from Korean brands but at much cheaper prices.
But the trend has now drawn ire from the Korean government, which recently proposed a bill that would blacklist [ko] Koreans whose quarterly international purchases made via credit card exceeds 5,000 US dollars as an effort to protect the local economy.
There are three major ways [ko] that young Koreans are buying from abroad online. First, small agencies or brokers take care of the purchasing process normally for a 10 percent service fee on transactions. Second, small businesses and individuals let customers use their US address and they only handle shipping.
Third, customers buy products through the international sellers’ websites using their Korean address. It is this third type of purchase, known in Korean as “Haeoi-jikgu” (translation: “direct oversees purchase”) is what is rapidly gaining traction in the country. This means they have to pay the expensive shipping prices of sites like Amazon, eBay and Drugstore.com, yet the total usually comes out cheaper than buying the product from domestic vendors. |
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Died By Bear
Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
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| Posted: Sat Mar 22, 2014 3:10 am Post subject: |
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| It'll never change. It's in their blood and culture. Isolate and overcharge. They won't even consider trying to lower their prices and compete. Don't you feel sorry for the people? They want stuff and they want it cheaper. |
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radcon
Joined: 23 May 2011
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| Posted: Sat Mar 22, 2014 3:15 am Post subject: |
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To hell with elites, the corporations they own, and the governments who do their bidding. Koreans have finally woken up and don't want to be financially raped by the chaebol anymore.
As an aside, if this bill becomes law, it will probably help my side business here. |
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cdninkorea
Joined: 27 Jan 2006
Location: Seoul
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| Posted: Sat Mar 22, 2014 6:22 am Post subject: |
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This is the same government that just signed a free trade agreement with Canada?
Even leaving that aside, the idea that you should crack down on people buying things abroad where they're cheaper...  |
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Deja
Joined: 18 Mar 2011
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| Posted: Sat Mar 22, 2014 10:21 am Post subject: |
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Does this not clash with some international human rights, even? Limiting how you can spend your money?
That aside, I think the young Koreans might know less about price negoatiations than I do... whenever I got with the "translator", the final price is never close to the one on display.
I know things are cheaper int he US, but they AREN'T 50% cheaper with shipping and taxes. We even get S4 cheaper from KT/SKT than I can find them in the US, pre tax/S&H.
What is it they are buying abroad so much? |
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andrewchon
Joined: 16 Nov 2008
Location: Back in Oz. Living in ISIS Aust.
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| Posted: Sat Mar 22, 2014 3:02 pm Post subject: |
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My guess is that since US subsidize food production and sell food internanationally at killer low prices, they are buying: food.  |
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Who's Your Daddy?
Joined: 30 May 2010
Location: Victoria, Canada.
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| Posted: Sat Mar 22, 2014 4:20 pm Post subject: |
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| I'm not sure you can import food. My guess is they're buying name brand clothes e.g. a North Face jacket. |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Sat Mar 22, 2014 4:35 pm Post subject: |
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| Who's Your Daddy? wrote: |
| I'm not sure you can import food. My guess is they're buying name brand clothes e.g. a North Face jacket. |
Beats by Dre. |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Sat Mar 22, 2014 4:39 pm Post subject: |
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| Even with the taxes and shipping its still cheaper to buy it from overseas. The mark up on goods in Korea is too high and the locals know it. I don't blame them for shopping elsewhere. |
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World Traveler
Joined: 29 May 2009
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| Posted: Sat Mar 22, 2014 4:47 pm Post subject: |
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| Steelrails wrote: |
| Beats by Dre. |
These headphones rock!
But be careful when buying them.
http://edition.cnn.com/2013/10/13/business/china-fake-headphones-dr-dre-beats/
Across the Pearl River Delta in southern China, counterfeit Beats are flowing out of factories, assembly workshops and shops, attracting businesspeople that sell the headphones on global markets.
A CNN reporter approached wholesale companies about buying in bulk in order to learn how the underground sale of knock-off headphones works. "Business is very good," said a woman, who, with her family, runs a wholesale company selling copied headphones in one of Shenzhen's many mega-malls. "You buy cheap from me, you sell expensive in your home country, we all make a lot of money," she added.
To prove her point, she shows an Excel spread sheet on her laptop listing customers from all over the world: Italy, Denmark, United States, Canada, Dubai, Russia and more. She said she recently sold a large amount of counterfeit Beats by Dr. Dre for $50,000 to a British businessman who sent them to the UK by jet -- which is considerably more expensive than container ship -- and sold them as originals.
While top-line Beats headphones retail for $400, the Shenzhen operators interviewed sell knock-off versions wholesale for $70. "A lot of people are making a lot of money on Beats right now," she said. |
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actionjackson
Joined: 30 Dec 2007
Location: Any place I'm at
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| Posted: Sat Mar 22, 2014 4:49 pm Post subject: |
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| Stan Rogers wrote: |
| Even with the taxes and shipping its still cheaper to buy it from overseas. The mark up on goods in Korea is too high and the locals know it. I don't blame them for shopping elsewhere. |
This is pretty much it in a nut shell. About a month or so ago I was looking to buy a new electric shaver. I found one I liked and it was running any where from 230 to 260,000 won. I found the exact same one on Amazon and with shipping and import fees, it cost me $150. I don't really blame Koreans for buying overseas. |
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atwood
Joined: 26 Dec 2009
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| Posted: Sat Mar 22, 2014 7:15 pm Post subject: |
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You could see this coming, along with the U.S.'s complaints that SK isn't abiding by the FTA.
They just can't square up and compete on an even playing field. |
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nicwr2002
Joined: 17 Aug 2011
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| Posted: Sat Mar 22, 2014 9:06 pm Post subject: |
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Everything in the States is about 2x cheaper than Korea. Everything from Electronics, to clothes, and food. For example, a cheap netbook atom processor computer in Korean when it is not on sale is around 450,000 won. That same computer is around 199,000. The 2.3L milk is 5,500 when it is not on sale while 3.75L is only around 3,200 in the States.
I have to use a VPN just to pay my Target credit card because the government blocks access to the site. |
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Engrish Mufffin
Joined: 09 Jun 2013
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| Posted: Sat Mar 22, 2014 9:17 pm Post subject: |
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| World Traveler wrote: |
| Steelrails wrote: |
| Beats by Dre. |
These headphones rock!
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....
Awful headphones and the choice of douchebags. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Sat Mar 22, 2014 9:59 pm Post subject: |
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It's a proposed bill, tons of those around, and most don't see the light of day after being seen once. And was probably written up by some freak in the majority party.
I doubt this would go far enough to be put to a vote. If it does become law, I'll make one lap around my neighborhood naked in mid-January at night. |
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