Скачать или смотреть SOUTH KOREA: DEPARTMENT STORE PAYING CASH FOR DIAMONDS

(15 Feb 1998) Natural Sound

South Koreans have been flocking to a department store in Seoul after seeing a newspaper advertisement saying the shop would pay cash for their diamonds.

The country's financial crisis has left many households short of funds following pay cuts and bonus freezes.

The diamonds are being bought by a local jeweller who will export them to bring in much-needed foreign currency.

A crowd gathered at this department store in Seoul on Friday.

But these South Koreans weren't buying - they were selling.

They unloaded their diamonds - from rings and other jewellery - in return for cash.

South Korea's economic crisis has left many families short of money.

There have been widespread pay cuts and bonuses have been frozen for many workers.

This shop advertised for the jewels in a local newspaper.

The crowd was many times larger than its normal number of customers, causing a commotion.

A local jeweller, who organised the "bring-and-buy" event, has got funds equivalent to two and a half (m) million U-S dollars to buy the diamonds.

It plans to export them to bring in much-needed foreign currency.

Other department stores are also looking at organising similar diamond drives.

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