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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., [...]

Demand for Larger TVs Growing in S. Korea

Demand for Larger TVs Growing in S. Korea

SEOUL, Apr. 19 (Korea Bizwire) — The demand for larger television sets has been growing over the past few years in South Korea, industry data showed Thursday, alongside lower average prices. Industry data showed the average size of Samsung Electronics Co.’s TVs sold in the country came to 54 inches last year, up sharply from [...]

Oxy’s Sales Halve in S. Korea Following Boycott

Oxy’s Sales Halve in S. Korea Following Boycott

SEOUL, Apr. 18 (Korea Bizwire) — Sales by Oxy Reckitt Benckiser, the South Korean unit of British household goods maker Reckitt Benckiser Group PLC, nearly halved over the past two years in the wake of widespread consumer boycotts, industry sources said Wednesday. Local civic groups launched boycotts as the company sold home humidifier sterilizers using [...]

Casino Industry’s Sales Improving from Increase in Japanese Visitors

Casino Industry’s Sales Improving from Increase in Japanese Visitors

SEOUL, Apr. 16 (Korea Bizwire) — Foreigners-only casinos are showing better sales this year after a big dip last year caused by China’s retaliation over a diplomatic row, industry data showed Monday. Sales in January and February reached 204.78 billion won (US$191.56 million), up 15.9 percent from the same period last year, according to the [...]

Big 3 Game Publishers Expected to Post Varying Performances in Q1

Big 3 Game Publishers Expected to Post Varying Performances in Q1

SEOUL, Apr. 12 (Korea Bizwire) — The big three local game companies are expected to show different performance records for the first quarter this year, with Nexon Korea Co. likely to set a new record in sales and operating profits, industry watchers said Thursday. Nexon was estimated to have tallied around 800 billion won (US$748.01 [...]

Lezhin Tops Sales Among Comic Apps in U.S.

Lezhin Tops Sales Among Comic Apps in U.S.

SEOUL, Apr. 9 (Korea Bizwire) — Lezhin Entertainment Inc., which operates a major online comic platform, said Monday its service topped the list of best grossing applications on the U.S. Google Play market. Seoul-based Lezhin said the performance is significant as it outpaced traditional comic giants, such as Marvel Comics and DC Comics. Lezhin Comics, [...]

S. Korean Shipbuilders Beat Global Rivals in Orders in Q1

S. Korean Shipbuilders Beat Global Rivals in Orders in Q1

SEOUL, Apr. 6 (Korea Bizwire) — South Korean shipbuilders beat their global rivals in ship orders in the first quarter, according to data by Clarkson Research Services. In the January-March period, South Korean shipbuilders clinched orders equal to 2.63 million compensated gross tons (CGTs) to build 52 vessels. This accounted for 42.2 percent of ship [...]