The Korea Grand Festival, a government-led nationwide shopping event that brings together major retailers, small businesses and tourism operators to boost domestic spending, will run for 18 days from Oct. 29 to Nov. 15.
More than 40,000 companies will take part, offering discounts of up to 60 percent on selected online shopping deals and up to 50 percent on beef, seafood and clothing. Shoppers can also get extra discounts on local gift certificates and enter a lottery offering 1.7 billion won ($1.28 million) in prizes, while foreign visitors can enjoy duty-free discounts and free admission to major royal heritage sites.
Yuna Ryu covers finance, capital markets and Southeast Asian affairs.
She is drawn to the questions that numbers raise and the stories that data alone cannot answer.
Prior to journalism, she worked at Hyundai Motor Company and the Singapore Chamber of Commerce, focusing on business strategy and international affairs. She has also hosted diplomatic receptions and international conferences as an MC.
Ryu holds a master's degree in Media and Communication from Korea University, where her research focused on neuroscience-based studies of media effects.
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