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Sales of Choco Pies in Vietnam Surpass Domestic Sales for the First Time

Sales of Choco Pies in Vietnam Surpass Domestic Sales for the First Time

SEOUL, Apr. 19 (Korea Bizwire) — For the first time ever, Orion Corp. sold more of its signature Choco Pies in Vietnam than in South Korea last year. The South Korean confectionery firm reported on Thursday that sales of Choco Pies in Vietnam rose 15 percent on-year to 92 billion won (US$80.95 million) last year, [...]

480,000 CJ Logistics Boxes Delivered by the Developmentally Disabled

480,000 CJ Logistics Boxes Delivered by the Developmentally Disabled

SEOUL, Apr. 19 (Korea Bizwire) — CJ Logistics Corp. announced on Thursday that the amount of deliveries it has made has surpassed 480,000 boxes through the development-impaired delivery business, one of the company’s CSV (Creating Shared Value) business models based on the logistics industry. When the logistics unit of South Korean food and entertainment conglomerate [...]

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

SEOUL, Apr. 19 (Korea Bizwire) — Hyundai Motor Group’s first-quarter sales in China fell for the fifth year in a row, reeling from the aftermath of a diplomatic row and increasingly competitive alternatives from Chinese automakers, company data showed Friday. In the January-March quarter, Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a [...]

Popularity of Premium Home Appliances Soars

Popularity of Premium Home Appliances Soars

SEOUL, Apr. 8 (Korea Bizwire) — With an increasing number of ‘homebodies’, those who enjoy spending most of their time at home, it has become clear that large and multifunctional household appliances are gaining significant popularity. Emart Inc., South Korea’s leading discount chain operator, announced on Sunday that the share of 65-inch TV sales exceeded [...]

Samsung’s Q1 Profit Dips 60.4 pct On-year on Weak Memory Chip Market

Samsung’s Q1 Profit Dips 60.4 pct On-year on Weak Memory Chip Market

SEOUL, Apr. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings likely plunged in the first quarter from a year earlier amid falling memory chip prices and weak demand for display panels. The operating profit was estimated at 6.2 trillion won (US$5.45 billion) in the January-March period, a 60.4 percent drop from [...]

LG Electronics’ Appliance Rental Sales Rise Steadily

LG Electronics’ Appliance Rental Sales Rise Steadily

SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc.’s revenue from its home appliance rental service jumped over the last two years, its business report showed Wednesday, as more people opt for renting gadgets to save money on purchases, installations and maintenance. The electronics maker posted 292.4 billion won (US$257.2 million) in sales from its [...]