Affordable Processed Foods and Special Deals Amid High Inflation
Lotte ON Offers 35% Discount on Food Products Until the 12th
11st Sells Up to 50% Off Until the 10th
Gmarket Hosts 'Seol Gift Big Sale' Until the 23rd
Domestic e-commerce companies are launching pre-order sales events for Lunar New Year gift sets. They offer special price products and coupons with discount benefits to help consumers who feel burdened by preparing Lunar New Year gifts due to high prices amid the economic downturn.
According to Lotte Shopping's e-commerce platform Lotte On on the 6th, the 'Early Preparation for Lunar New Year Gifts' event will be held until the 12th, offering holiday food products at up to 35% discounted prices. As a pre-order sales event for Lunar New Year gift sets, up to three 7% discount coupons worth up to 50,000 KRW are issued daily, and an additional card payment discount of up to 10% is provided.
Lotte On has significantly increased gift sets centered on processed foods. This targets consumers looking for affordable gift sets that can be stored for a long time. Representative products include Johnsonville gift sets consisting of Spam, tuna, Samjin fish cakes, sausages and army stew, glutinous rice hot dogs, and 'gourmet meal kit' gift sets. The ‘CJ CheilJedang Spam Gift Set’ is priced in the 30,000 KRW range, ‘Samjin Fish Cake NEW Busan 1953 Set No.1 (around 20,000 KRW)’, ‘Johnsonville Lunar New Year Gift Set No.3 (around 50,000 KRW)’, and ‘Hanilgwan BEST Mixed Gift Set (around 100,000 KRW)’ are also available. Lotte On has also prepared a separate section for reasonable ‘cost-effective gift sets’ priced under 30,000 KRW.
Fresh food offerings have been diversified. The variety of citrus fruit sets has been expanded by type, and Korean beef (Hanwoo) product lineups have been broadened from practical sets to 1++ premium lines. Notable products include the ‘Natural Matnam Jeju Cheonhyehyang 2.6kg fruit gift set (around 20,000 KRW)’ and the ‘1+ Grade Hoengseong Hanwoo Home Dining Set No.1 (600g, sirloin + striploin + chuck flap tail, around 120,000 KRW)’.
Lotte On also offers coupons for up to 10,000 KRW discount on purchases over 70,000 KRW for department store food products. Card payment discounts of up to 10% are available depending on the card company. A purchase reward event is also underway, returning up to 8% of the payment amount as L.POINT for applicants. Im Tae-min, head of Lotte On’s food team, said, “Since this Lunar New Year is at the beginning of January, processed foods that are easy to share with many acquaintances as New Year greetings are expected to be popular. Especially, using the pre-order sales period allows customers to prepare gift sets with more benefits.”
11st is holding the ‘Lunar New Year Gifts Galore’ event until the 10th, offering holiday gifts at up to 50% discount. During this event, 11st’s best holiday gifts will be available daily in 7 to 9 special deals. Representative products include the ‘Aekyung Gift Set Art Life A’ (2 shampoos, 2 cleansing bars, 4 toothpastes) on the 6th at 9,900 KRW, a 23% discount from the regular price; ‘Kkaebi Farm High-Sugar Jeju Hallabong 2kg (small size)’ on the 7th at 14,930 KRW; and ‘Yeonggwang Beopseongpo Gulbi Set 20 pieces’ on the 9th at 27,120 KRW.
For items with large bulk purchases such as processed foods and daily necessities, products with bonus gifts are offered. The ‘Sajo Anshim Special Set No.22’ (23,920 KRW), consisting of canned tuna and sesame oil, offers one free set for every seven sets purchased, and the ‘Himalaya Pink Salt Gift Set (Pink Salt 250g x 5 packs + grinder)’ (6,960 KRW) offers one free set for every six sets purchased.
11st’s luxury store ‘Ualuxe’ has also prepared MD-recommended gifts. Luxury fashion items such as the ‘Bottega Veneta Cassette Card Wallet’, ‘Comme des Gar?ons Long Sleeve T-shirt Red Black Wappen’, and ‘Gucci GG Leather Trim Denim Bucket Hat’ are sold at affordable prices.
‘Scheduled delivery’ and ‘fast delivery’ products that can be received on desired dates are also available. Popular seasonal seafood gifts such as ‘Tongyeong Premium Peeled Raw Oysters’, ‘Same-day Fresh Seasonal Hong Garibi (scallops)’, and traditional rice cakes like ‘Ilsangmidang Jeju Sea Breeze Mugwort Bean Rice Cake Gift Set’ can be ordered with selectable shipping dates. ‘CJ Spam Gift Set No.11’, ‘LG Gift Set World Travel G’, and ‘Sulwhasoo Jaum 2-piece Set’ can also be received the next day through 11st’s shooting delivery service.
Following this pre-event, 11st plans to hold the ‘Lunar New Year Gifts Galore’ promotion from the 11th to the 24th. This large-scale discount event will cover popular gift sets, holiday foods, ancestral rites items, kitchenware, and other representative holiday categories. Ko Gwang-il, head of sales planning at 11st, said, “With high prices and economic downturn continuing, practical gifts that can be exchanged without burden are expected to be the trend this Lunar New Year. Even during the pre-sale event, we have prepared a wide range of cost-effective products considering customers’ diverse tastes, from affordable gift sets priced between 10,000 and 20,000 KRW to ‘small luxury’ desserts that offer differentiated experiences at relatively low prices.”
Gmarket is holding the ‘Lunar New Year Big Sale’ event for 18 days until the 23rd, with participation from over 100 brands. Gmarket categorizes holiday gift sets by price ranges for easy browsing: ‘10,000-30,000 KRW’, ‘30,000-50,000 KRW’, ‘50,000-100,000 KRW’, and ‘over 100,000 KRW’.
During the event, separate discount coupons for budget purchases are provided daily. Additional benefits are offered for 18 mega-brand products including ▲Roborock ▲Samsung Electronics ▲LG Electronics ▲Amorepacific ▲Yuhan-Kimberly ▲Jung Kwan Jang ▲CJ CheilJedang ▲Daesang, among others.
More than 200 special price products that change daily at midnight are also introduced. These include first-come-first-served discount products, exclusive planning products, warehouse clearance items, and trending popular products, which can be checked by keywords. A special Lunar New Year live broadcast will be held simultaneously on Gmarket and Auction, starting daily at 8 p.m. On the 6th, the ‘Lunar New Year Big Sale Special Roborock Edition’ will be featured.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.




