Gold bars selling like hot cakes in Korea convenience stores & vending machines \ stacker news ~econ

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Gold bars selling like hot cakes in Korea convenience stores & vending machines www.cnbc.com/2024/05/08/gold-is-selling-like-hot-cakes-in-koreas-convenience-stores-vending-machines.html

764 sats \ 11 comments \ @Cje95 8 May 2024 econ

I mean I never imagined going to a convenience store for gold but welcome to 2024 baby!

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47 sats \ 2 replies \ @k00b 8 May 2024

People in their 30s were most active in purchasing these gold bars, accounting for over 41% of the total sales since their launch, according to CU’s commerce phone app Pocket CU. Those in their 40s make up 35.2% of the sales, followed by people in their 50s at 15.6%. People in their 20s accounted for 6.8% of all sales.

I assume Pocket CU is a Door Dash-like app? @south_korea_ln?

1022 sats \ 0 replies \ @south_korea_ln 8 May 2024

I don't use Pocket CU, but it looks similar to the apps of the other convenience stores here. It lets you browse what's available, ask some specific products to be ordered for delivery in your local branch, track packages you send through the convenience store postal service, etc... They usually don't do home-delivery though, unlike Doordash, as far as I know. Convenience stores are huge and everywhere in SK, with a few conglomerates controlling the whole market (CU, GS25 and 7-Eleven).