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Archive by category Retail & Consumer

Budget Smartphone LUNA Expected to Sell 150,000 by End-Dec.

SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s top mobile carrier SK Telecom Co. said Thursday its exclusive LUNA smartphone is expectedto post 150,000 sales by the end of this month, amid the rising demand for budget handsets here. The budget smartphone, which made its debut in September, was sold out three weeks after its launch. Launched by TG&Co., the LUNAwas manufactured by Foxconn, which is well-known as a key manufacturer of Apple products. [...]

S. Korea’s ICT Trade Surplus Highest Among OECD Members

SEOUL, Dec. 2 (Korea Bizwire) - South Korea’s trade surplus in the ICT segment outpaced those of members of the Organization for Economic Cooperation and Development (OECD) in the first half, data showed Wednesday, posting robust performances despite the global economic slump. According to the data compiled by the Institute for Information & Communications Technology Promotion, [...]

Hyundai, Kia See China Sales Stay Robust in Nov.

SEOUL, Dec. 2 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their sales in China continue to rebound from a deep trough on the back of firm demand for sports utility vehicles and new models, industry data showed Wednesday. The two leading South Korean carmakers sold a total of [...]

Softer Soju Makes a Move in the Liquor Market

SEOUL, Dec.2 (Korea Bizwire) – As the trend of low-alcohol soju continues, boosted by the increased popularity of fruit-flavored soju, a product with an alcohol content of only 12 percent has been launched in the market. Lotte announced that it has launched Sunhari Apple, an apple-flavored soju with an ABV of only 12 percent. Considering [...]

Samsung Showcases Web Browsing Tool for VR Devices

SEOUL, Dec. 2 (Korea Bizwire) – Samsung Electronics Co. introduced Wednesday the beta edition of a web browsing program for its virtual reality (VR) devices, allowing users to access more content online. The test edition of Samsung Internet for Gear VR will allow users of Samsung’s VR devices to stream various videos online and provide [...]

Quality Korean Wines Enter Major Restaurants

SEOUL, Dec.1 (Korea Bizwire) – The Korea Wine Association announced that it is launching a campaign to promote Korean wines at major restaurants in the metropolitan area. To continuously pioneer new distribution routes, the association plans to introduce Korean wines into 100 stores including major restaurants and eateries, and let the diversity and quality of [...]

New Pantech Sets Sail After 15-Month Struggle

SEOUL, Dec. 1 (Korea Bizwire) – After 15 months of struggle for normalization, South Korea’s No. 3 smartphone maker Pantech Co. officially set sail on Tuesday, with a vision to focus on budget smartphones, especially in the Asian market. The move came more than a month after a Seoul court gave approval to a local [...]

Hyundai Chief to Meet With Overseas Sales Leaders

SEOUL, Dec. 1 (Koria Bizwire) - Hyundai Motor Group Chairman Chung Mong-koo will meet with heads of overseas sales units in mid-December to discuss sales tactics and future business plans in global markets, industry sources said Tuesday. During the meeting to be held at its headquarters in Seoul, around 60 heads of sales units of Hyundai [...]

Volkswagen Scandal Ends Up Boosting Sales of Hybrid Cars

SEOUL, Nov.30 (Korea Bizwire) – Although sales of foreign diesel cars froze after it was revealed that Volkswagen cars were ‘cheating’ on emissions tests, sales of environmentally friendly hybrid cars are rising fast. Industry watchers even say that a new ‘era of hybrid cars’ is beginning, as Hyundai Motor and Toyota both saw their highest [...]

Home Shopping, the Best Way to Enter the Market

SEOUL, Nov.30 (Korea Bizwire) – Two and Up, an importer of foreign cosmetics, is making efforts to debut its newly imported foreign products through home shopping networks. Officials believe that this strategy will make it easier to gain consumer awareness in a short amount of time, while allowing for the expansion of distribution channels when [...]