SEOUL, Feb. 14 (Korea Bizwire) — Samsung Electronics Co.’s smartphone shipments sharply fell in Thailand in the fourth quarter from a year earlier, losing its top title to Chinese rival Oppo, an industry tracker said Thursday. The South Korean tech giant released just over 1 million smartphones in Thailand in the October-December period, taking up [...]
SEOUL, Feb. 11 (Korea Bizwire) — Mercedes-Benz outsold local carmakers to finish fourth in domestic sales in January, industry data showed Monday. The South Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places it fourth after Hyundai Motor (31.2 percent), Kia [...]
SEOUL, Feb. 6 (Korea Bizwire) — Samsung Electronics Co.’s new mid-level smartphone, tailored for the Indian market, sold out three minutes after going on sale on the country’s Amazon site, the tech giant said Wednesday. The South Korean company, citing the retailer, said the standard M10 and larger M20 phone sales in the first day [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Thursday its fourth-quarter net earnings declined 30.7 percent compared with a year ago due to weakening demand for its memory chips and smartphones. In a regulatory filing, the world’s leading memory chip and smartphone manufacturer said its net earnings came in at 8.5 trillion won [...]
SEOUL, Jan. 30 (Korea Bizwire) — POSCO, South Korea’s biggest steelmaker, said Wednesday that its net profit dropped 36 percent last year from a year earlier on a one-off valuation loss, reduced gains from asset sales and higher taxation. Net profit reached 1.89 trillion won (US$1.69 billion) on a consolidated basis, compared with a net [...]
SEOUL, Jan. 13 (Korea Bizwire) — Whisky sales in South Korea fell for the 10th year in a row in 2018, industry data showed Sunday, amid changes in the country’s wining and dining culture, and a shorter workweek. Total sales of the distilled alcoholic beverage reached over 1.49 million boxes, down 6.2 percent from a [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s market for performing arts grew 23 percent last year from a year earlier driven by solid performances by musicals and K-pop concerts, data showed Monday. Interpark, an online shopping mall and leading ticket distributor, said the total 2018 ticket sales for performing arts came to 544.1 billion [...]
SEOUL, Jan. 7 (Korea Bizwire) – Carmakers sold more than 120,000 units of environment-friendly vehicles in South Korea last year, up 27 percent from a year earlier, industry data showed Monday. Sales by both domestic and foreign carmakers reached 123,387 eco-friendly vehicles for the whole of 2018, jumping from 97,435 units sold the year before, [...]
SEOUL, Jan. 6 (Korea Bizwire) — The number of sport utility vehicles (SUVs) sold in South Korea in 2018 shot up 12.7 percent on-year — growing faster than any other type of automobile — to hit a record-high level, data showed Sunday. According to the data based on figures from five South Korean car manufacturers, [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean electric vehicle (EV) battery makers performed poorly in the world market in 2018 compared to their Japanese and Chinese rivals, a report showed Friday. Global shipments of EV battery products came to 76,950 megawatt-hours (MWh) in the first 11 months of last year, up a whopping 72.8 [...]