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Secondhand goes corporate: Korea’s used goods market comes of age
['No Kyung-Min']
The korea Herald News Rss
South Korea’s online secondhand market was once a network of consumer-driven trades, loosely overseen by companies offering little more than secure payments and basic fraud checks. Today, the market is being commercialized with unusual speed, swelling to a projected 43 trillion won ($30.6 billion) this year — nearly double its size in just four years — according to the Korea Internet & Security Agency. Hence the retail platform surge. From peer-to-peer swaps to business-run ventures, all are vyi