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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, [...]

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 [...]

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

SEOUL, Mar. 31 (Korea Bizwire) — Overseas sales of Choco pie, Bibigo Mandu and Shin Ramen all exceeded 300 billion won (US$263.8 million) last year, a milestone for South Korean food producers that have strived to expand into new markets amid tanking demand at home, industry data showed Sunday. The three products, often referred to [...]