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Are electronics more expensive in Korea compared to the US?
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binderman278



Joined: 25 Apr 2010

PostPosted: Sat May 01, 2010 12:31 am    Post subject: Are electronics more expensive in Korea compared to the US? Reply with quote

I want to buy a decent size TV... maybe a 32 inch high-def TV when I get there. How do the prices compare to the United States? Or any other ideas. Thanks.
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eamo



Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.

PostPosted: Sat May 01, 2010 12:39 am    Post subject: Reply with quote

It varies.....but mostly, yes. Korea is more expensive than the US. Especially for high-end stuff where the difference can be over 30% more in Korea.

Also, you don't really get good sales in Korean electronics stores. They never cut the prices of the old stock they want to move like they do in the west. They'll just keep it at full price until they take it off the shelves and replace it with the new model.

The US is an extremely competitive marketplace. Korea doesn't seem to be.

For a 32'' TV you'll find that Samsung and LG are much more expensive in Korea.............but if you don't mind getting a no-name Chinese brand then you can save a lot of money.
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uklathemock



Joined: 26 Dec 2009

PostPosted: Sat May 01, 2010 1:00 am    Post subject: Re: Are electronics more expensive in Korea compared to the Reply with quote

binderman278 wrote:
I want to buy a decent size TV... maybe a 32 inch high-def TV when I get there. How do the prices compare to the United States? Or any other ideas. Thanks.


It's a lot more. Koreans buy Korean TVs at Costco in the U.S. and bring them back to Korea. lol
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oskinny1



Joined: 10 Nov 2006
Location: Right behind you!

PostPosted: Sat May 01, 2010 1:32 am    Post subject: Reply with quote

Go here to check for prices. When you see the small tv with "LCD" on it scroll over and select size and HD. Maybe a coworker can order it if you give them the cash.
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Sody



Joined: 14 May 2006

PostPosted: Sat May 01, 2010 3:12 am    Post subject: Reply with quote

WAY more expensive. Buy all your electronics in the US. Even Korean cars are more expensive in Korea than in the US.
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binderman278



Joined: 25 Apr 2010

PostPosted: Sat May 01, 2010 10:28 am    Post subject: Reply with quote

Wow okay thats good to know. Thats kind of ridiculous. Dang 30%? I guess I will just have to settle for an off brand television while I am there.
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optik404



Joined: 24 Jun 2008

PostPosted: Sat May 01, 2010 10:33 am    Post subject: Reply with quote

everything is cheaper in the States
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CeleryMan



Joined: 12 Apr 2007
Location: Seoul

PostPosted: Sat May 01, 2010 3:52 pm    Post subject: Reply with quote

Kimchee is more expensive in Korea, end of discussion.
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stevieg4ever



Joined: 11 Feb 2006
Location: London, England

PostPosted: Sat May 01, 2010 3:53 pm    Post subject: Reply with quote

America embrasses a purer form of laissez-faire capitalism which makes the market more competitive giving the consumer greater choice and freedom.

In Korea it is basically the diametric opposite. The Korean companies have basicaly carte blanche rule over the domestic market allowing them to take any measures necessary to out muscle foreign competitors (not taking into account the restrictions, tarrifs and taxes levied placed on imported goods from outside of Korea morepver government assistance). Its the fundamentals of a protectionist economy versus those of a Laissez-faire one which is why things cost more in Korea as you have alluded to.

Basically Korea's high-tax barriers keep foreign competitors out of the domestic market, which in turn provides the perfect growing conditions of limited competition and a loyal domestic market fuelled by nationalism.


Last edited by stevieg4ever on Sat May 01, 2010 4:00 pm; edited 1 time in total
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carleverson



Joined: 04 Dec 2009

PostPosted: Sat May 01, 2010 3:56 pm    Post subject: Reply with quote

It's more expensive in Korea.

Mad
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sesyeux



Joined: 20 Jul 2009
Location: king 'arrys

PostPosted: Sat May 01, 2010 4:48 pm    Post subject: Reply with quote

so it's about the same as england then, so it's all good!
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Slowmotion



Joined: 15 Aug 2009

PostPosted: Sat May 01, 2010 7:50 pm    Post subject: Reply with quote

Sody wrote:
WAY more expensive. Buy all your electronics in the US. Even Korean cars are more expensive in Korea than in the US.

That never made sense to me. How can it be more expensive when they don't have to export it?
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jvalmer



Joined: 06 Jun 2003

PostPosted: Sat May 01, 2010 8:17 pm    Post subject: Reply with quote

Electronics in Korea are usually more expensive. But, in cases when buying things like a laptop or digital camera, the seller often throws more extra stuff in, like a memory card, or a case, which in Canada they don't.
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Wishmaster



Joined: 06 Feb 2003

PostPosted: Sat May 01, 2010 9:04 pm    Post subject: Reply with quote

There is no competition in Korea. That is why the prices for things are completely ridiculous. Nobody to challenge the Korean companies, so they fleece the unsuspecting rubes(their fellow brethren) and gouge the crap out of them. And Koreans have this stupidly ridiculous notion that the more you pay for something, the better it is supposed to be Rolling Eyes . Dumb, dumb, dumb.
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madoka



Joined: 27 Mar 2008

PostPosted: Sat May 01, 2010 9:13 pm    Post subject: Reply with quote

CeleryMan wrote:
Kimchee is more expensive in Korea, end of discussion.


I went to an Asian restaurant in Las Vegas a couple of months ago. A sidedish of kimchi was $7. Shocked I was tempted to order it, just to post pics of what $7 kimchi looks like.
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