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Sales of HNB E-cigarettes Grow Fast Since Debut Last Year

Sales of HNB E-cigarettes Grow Fast Since Debut Last Year

SEOUL, May 16 (Korea Bizwire) — South Korean has seen sales of heat-not-burn (HNB) electronic cigarettes grow at a fast click since their debut here last year, amid soaring popularity among local smokers, data showed Wednesday. According to the data from the government and industry sources, 163 million packs of HNB tobacco products were sold [...]

Local Beer Losing Out to Foreign Rivals, Jeopardizing Production Base

Local Beer Losing Out to Foreign Rivals, Jeopardizing Production Base

SEOUL, May 13 (Korea Bizwire) — Local beer is steadily being sidelined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea’s production base, industry observers here said Sunday. Market insiders said that South Korean distributors are currently competing with each other to secure rights to import foreign beer [...]

Restaurant Sector Shrinks Fast amid Negatives

Restaurant Sector Shrinks Fast amid Negatives

SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]

Samsung’s Smartphone Market Share in China’s Inches Up

Samsung’s Smartphone Market Share in China’s Inches Up

SEOUL, May 7 (Korea Bizwire) — After recording a market share of 0 percent in China’s smartphone market in the fourth quarter of last year, a recent report has shown that Samsung Electronics barely broke the 1 percent mark in the first quarter of this year. According to Street Analytics, a market research firm, Samsung [...]

LG, Samsung Refrigerators Named Most Kid-friendly by Consumer Reports

LG, Samsung Refrigerators Named Most Kid-friendly by Consumer Reports

SEOUL, Apr. 23 (Korea Bizwire) — South Korean-made refrigerators were named among the most kid-friendly fridges by a U.S. consumer advocacy magazine after a survey of parents, companies said Monday. Consumer Reports announced five “Kid-friendly Refrigerators That Please Parents,” a list which includes two models from LG Electronics and one from Samsung Electronics. The two [...]

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]

S. Korean Market for Air Purifiers Rising amid Fine Dust Woes

S. Korean Market for Air Purifiers Rising amid Fine Dust Woes

SEOUL, Apr. 9 (Korea Bizwire) — The market for air purifiers in South Korea is set to continue expanding going forward, industry watchers said Sunday, as more consumers are becoming concerned about fine dust levels in the air. Sales of air purifiers in the country are expected to reach around 2 million to 2.5 million [...]