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The PS5's initial order sold out within an hour in South Korea

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The PS5's initial order sold out within an hour in South Korea

In South Korea the standard PS5 is priced at 628,000 won (US $ 540) while the digital edition is priced at 498,000 won. The PS5's initial order sold out within an hour in South Korea- File image
SEOUL: The first batch of PlayStation 5 (PS5) second batch sold out in just an hour in South Korea, the industry said Wednesday.
As of 2 p.m., all major retailers say the PS5 pre-order has been closed, Yonhap news agency reported.
A total of 11 online stores and regular stores began accepting early orders at noon.
Early booking for the first batch of PS5 on September 18 was also sold out in a short period of time.
The PS5 was launched in 2013. Sony Corp's latest gaming device is scheduled to launch in South Korea on November 12.
In South Korea the standard PS5 is priced at 628,000 won (US $ 540) while the digital edition is priced at 498,000 won.
PS5 is expected to stimulate the growth of the domestic market amid the trend of sitting at home following the pandemic.
According to the Korean Creative Content Agency, the gaming market last year was estimated at more than 600 billion won, more than double the 262.7 billion won in 2016.
Like other countries, the PS5 will face fierce competition with new gaming consoles from Microsoft Corp., Xbox Series X and Xbox Series S, in South Korea.
Early bookings for Xbox Series X and S, which opened on September 22, also sold out in a short period of time.
The next generation Xbox is scheduled to launch in South Korea on November 10.

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