Score Summer Deals at the Vast Store? Korea's Largest Refurbished 'Allland Outlet' Yangsan Branch Launches Discounts

Orland Outlet Yangsan Branch Electronics Store.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Olland Outlet Yangsan Branch in Gyeongnam, the largest refurb specialty store in Korea handling department store exhibition items and simple change-of-mind products, is attracting summer shoppers with unprecedented prices.

In a "vast" store, it offers more than 50% off the regular price, promising great deals for consumers in nearby Busan, Ulsan, and Gyeongnam.

The refurb specialty company "Olland Outlet" opened the Yangsan branch, the largest refurb specialty store nationwide, in Mulgeum-eup, Yangsan City, with a size of 6,600㎡ (2,000 pyeong) last March.

Here, they showcase "S-grade" refurb products such as department store exhibition items, simple change-of-mind products, and overstock items.

A Samsung Electronics 65-inch 4K UHD TV, originally priced at 2.2 million KRW, is offered at a 55% discount for 990,000 KRW, and an LG 70-inch 4K UHD TV, originally priced at 2.5 million KRW, is offered at a 50% discount for 1.25 million KRW. These TVs are overseas direct purchase (export) refurb products.

Refrigerators and kimchi refrigerators also beckon bargain hunters.

A Carrier 418L 4-door refrigerator, originally priced at 1.6 million KRW, is sold at a 56% discount for 700,000 KRW, and a Carrier 566L 4-door refrigerator, originally priced at 1.17 million KRW, is sold at a 35% discount for 770,000 KRW. These products are box-damaged refurb items without packaging boxes, offering price benefits.

Kimchi refrigerators from Winia Dimchae are available by capacity (based on 330L) with a 30-34% discount. These kimchi refrigerators are scratch refurb products with minor surface blemishes.

Winia drum washing machines and Winia dryers are offered at up to 57% off. These products are refurb items that have completed department store exhibitions.

In addition, small home appliances such as rice cookers, microwaves, and vacuum cleaners are sold at 40-60% discounts.

Orlando Outlet Yangsan Branch Furniture Store.

Cost-effective furniture and dining tables are also showcased.

An Aqua recliner sofa, originally priced at 320,000 KRW, is offered at a 60% discount for 128,000 KRW; a solid wood 4-person dining table, originally priced at 890,000 KRW, is offered at a 55% discount for 400,000 KRW; and a solid wood SS bed, originally priced at 1.05 million KRW, is offered at a 53% discount for 490,000 KRW.

Refurbished products differ from used products. While used products have been used by consumers for a certain period, refurb products are items that have slight damage during distribution or were returned due to simple change of mind by the buyer.

Since they have never been used, they are not secondhand. The popularity of refurb products in Korea continues to rise steadily.

Industry insiders say the rapid growth of the refurb market is due to a combination of recession, the expansion of the internet market leading to an increase in change-of-mind returns, and a trend toward practical consumption.

The market size, growing 20% annually, is already believed by the industry to have surpassed 1 trillion KRW.

Since reasonable consumer awareness of refurb products has already spread in developed countries, the market is expected to grow further in the future.

CEO Jeong Jong-bae said, "We offer famous domestic and foreign home appliances and furniture at discounts of 50-70%. Refurb products that have never been used are no different from new products."

Olland Outlet Yangsan Branch is holding a "Summer Grand Festival" to welcome the full summer season.

During the event, which runs until the end of July, summer appliances such as air conditioners, coolers, and fans are sold at up to 60% discounts.

This content was produced with the assistance of AI translation services.