[Suddenly] What is Black Friday?

What is Black Friday? (Black Friday) Big discount event held every year in the U.S. on Friday after the fourth Thursday of November (Thanksgiving)

Sellers use up inventory quickly to maximize sales and consumers buy the desired product cheaply

is the 'field of mutual benefit'.

Q. Why do you call it Black Friday?

Originating 1) the custom of recording red deficits and black surpluses in accounting books. It means a day to transition from deficit to surplus

Origin 2) Police called it 'Black Friday' in Philadelphia in the 1960s as the city became crowded with shoppers and vehicles after Thanksgiving.

In the 1980s, it became a large-scale discount event like today.

Q. Reason for discount rates ranging from 80 to 90%?

the U.S.
, which is heavily burdened with logistics costs due to its large territory
Because it is profitable to exhaust inventory through discounted sales rather than to bear logistics costs due to the accumulation of inventory

Korea Sale Festa (Korea), Gwanggunje (China)
Following the example of
Black Friday, independent discount events have developed in each country,

has become a global consumption trend.

Video Reporter: Jin Hyung-wook AD: Shim Hye-min