Black Friday vs. Korea Sale Festa: Whose Discounts Are Real?
Most shoppers assume Black Friday in the US and Korea Sale Festa in Korea are basically the same idea wearing two different flags — one big annual event, one enormous discount, once a year. Look at the pricing data from both countries, though, and a stranger pattern shows up. In the US, consumer watchdogs have spent years proving that a huge share of "Black Friday deals" were never really discounted at all. In Korea, government-backed consumer surveys keep finding the same gap: shoppers expect steep markdowns, and the real numbers land far below what was promised. Two countries, two completely different shopping cultures, and somehow, the exact same disappointment. Living in Korea, I see Korea Sale Festa banners every autumn, and I have long wondered how those discounts really compare with the Black Friday deals that fill U.S. news every November. Table of Contents 1. The Myth of the Year's Biggest Discount Before comparing the two countries, it helps to underst...