Earnings & Sales Archives | Be Korea-savvy

Archive by category Earnings & Sales

Imported Car Sales Rise 12 pct in March, Japanese Brands Struggle

Imported Car Sales Rise 12 pct in March, Japanese Brands Struggle

SEOUL, April 3 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 12 percent in March from a year earlier, while Japanese brands continued to struggle with weaker demand due to trade tensions with Seoul, an industry association said Friday. The number of newly registered foreign vehicles rose to 20,304 units last month [...]

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

SEOUL, March 10 (Korea Bizwire) — Sales of sport utility vehicles (SUVs) and gasoline-powered vehicles posted solid growth in South Korea last year, industry data showed Tuesday, although the country’s auto market contracted for the second consecutive year. Nearly 1.8 million vehicles were registered in South Korea last year, down 1.8 percent from a year [...]

Convenience Stores More Profitable than Large Supermarkets in 2019

Convenience Stores More Profitable than Large Supermarkets in 2019

SEOUL, Feb. 17 (Korea Bizwire) — The slump in fortunes at large discount stores is continuing and the growth of convenience stores is accelerating in line with social changes, including an increase in the number of single-person households and the rising popularity of online shopping. Amid such circumstances, convenience store chains made more money than [...]

S. Korean Non-life Insurers’ Combined Net Profit Falls 39.5 pct in 2019

S. Korean Non-life Insurers’ Combined Net Profit Falls 39.5 pct in 2019

SEOUL, Feb. 16 (Korea Bizwire) — Major non-life insurance firms in South Korea saw their combined net profit fall 39.5 percent last year due to increased losses from their automobile and health insurance segments, industry data showed Sunday. The top eight non-life insurance firms operating in the country reported a combined net profit of 1.75 [...]

Flights Suspensions Due to Virus Tipped to Hit Airlines’ Q1 Results

Flights Suspensions Due to Virus Tipped to Hit Airlines’ Q1 Results

SEOUL, Feb. 13 (Korea Bizwire) — South Korean airlines’ first-quarter earnings may be dismal as they suspended or reduced flights on international routes amid the spreading COVID-19 virus outbreak, analysts said Thursday. In their latest move to respond to the virus, Asiana Airlines Inc., the country’s second-biggest airline after Korean Air Lines Co., said it [...]