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Gold bars sell fast in South Korea's convenience stores and vending machines
By Lee Ying Shan
CNBC, New York
Tuesday, May 7, 2024
Aside from ramen and sausages, South Korea's convenience stores have a new popular item on the menu -- gold bars.
The country's largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corp. to offer customers mini gold bars -- and they're selling like hotcakes.
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A variety of fingernail sized gold bars weighing between 0.1 gram and 1.87 gram have been up for sale at CU outlets since April. A 1.87 gram bar sells for 225,000 won ($165.76) and a 0.5 gram bar sells for 77,000 won.
Priced at 113,000 won each, 1-gram bars were sold out within two days, according to local news reports. The bars come with congratulatory messages, birthday wishes, and even designs for personality types. ...
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