4/07/2011

About Korean Stock Market - Do you know what Korean ‘Ddaeng’ Market is? -



  In the United States of America, when they sell goods in stock, they usually call it 'Stock Sale', and when they sell small scale merchandise, they generally call it 'Garage Sale' or Bazaar Sale.
  On the other hand, in Korea, when the producers want to sell their goods in stock in domestic or overseas markets at much cheaper prices than the original retail ones in bulk in short time, we call it 'ddaeng-cheori ', and the merchandise is called 'ddaeng-mulgeon(goods in stock)'.
  Generally, these kinds of goods are caused in large quantities when the goods are already out of fashion, or there are caused a lot of stock goods because of the bankruptcy of the producing companies, and the industrial distributors close down their businesses. And the quantity of these goods can be from minimum 500 pcs/ea/pair to even hundreds of thousands.
 
  You can purchase the merchandise kept in stock at about 40% of original consumer price because first of all, the distributors want to secure the cash by brisk distribution.
These kinds of merchandise are sold by the buyers residing in Korea, from the countries of which the GNP or GNI is lower than those of Korea. And they buy them through their own individual dealing, or they prepare large amount of cash and order the goods they want to buy in large quantities in advance. The goods purchased like this are piled up in the container directly as they are wrapped up, or after renting a container, they accumulate the goods until the container is full.

  The buyers not only from Southeast Asia, such as China, Philippines, Vietnam, Laos, but also from Cambodia and India purchase more goods in Korea than in China because the reliability of Korean goods is far higher than that of Chinese ones. Of course, there are a lot of goods made in China as Korean OEM products.

  If the goods are liquid ones, or wholesome foods etc., even though they have no problem, they need to be examined in particular for customs clearance in some countries, so that their main purchasing goods are clothing(underwear, outerwear) and its subsidiary materials, or machinery and so on.

*Examples of how to order the goods, (If you want to order, you have only to do as follows.)
1)250,000 pieces of Outerwear for climbing. Without sorting by size. As they are mixed three brands.
2)4,800 pairs of Crookes Sandals for children. Pink, orange, yellow, blue, green color. 140mm-180mm.
3)7,000 pairs of Blue jeans made in Korea.


Please refer to the following photo and list.






  The products are updated every single day, and the present writer has engaged in a small scale overseas trade before, and there are 8~10 distributors only the writer knows in Korea.
  The products are already very popular among the Southeast Asian buyers, and now   they are being introduced to the South American Markets gradually.
  If you have any questions about any goods, feel free to ask us any time, please. And we can give you detailed answers about photos, quantity, and price for your questions within 7 business days. And please ask questions in detail if you can.
  The present writer has a Registration Record by which we can make a shipment after packing the goods through the general trade dealing method.

< Quotation form >

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