SEOUL, Jun. 6 (Korea Bizwire) – The share of electric vehicles (EV) in the sales of eco-friendly vehicles in South Korea has surpassed 20 percent for the first time this year on the back of a wide range of lineups and improved charging infrastructure, industry data showed Wednesday. A total of 5,542 EVs were sold [...]
SEOUL, May 2 (Korea Bizwire) — The domestic market for frozen food grew from 20 billion won in 2014 to 70 billion won in 2017. CJ CheilJedang, the largest player in the frozen food industry, announced that sales of its “Bibigo” frozen food products topped 33 billion won last year, a twofold increase from 2016. [...]
SEOUL, May 1 (Korea Bizwire) — Bluehole Studio Inc. revealed its plans on Monday to distribute bonuses to the developers of the hugely popular online game “PlayerUnknown’s Battlegrounds” (PUBG for short), developed by its subsidiary PUBG Corporation. According to Bluehole, the company will pay out up to 5 billion won per employee in incentives. Bluehole [...]
SEOUL, Apr. 30 (Korea Bizwire) — The McDonald’s outlet at exit No. 3 of Seoul’s Shinchon Station: for many, it was more than a run-of-the-mill burger place to grab a bite to eat. “Looking for a job after graduation, I spent many hours there for group studies and mock interviews with other applicants,” said Song [...]
SEOUL, Apr. 27 (Korea Bizwire) — Sales and profits at Hyundai Motor fell in the first quarter of the year in the midst of an unfavorable global environment. The Korean carmaker hopes to boost its sales figures by releasing a number of new cars and SUVs in the second quarter. Hyundai released its earnings for [...]
SEOUL, Apr. 27 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion won a year [...]
SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Motor Co. has sold more sport-utility vehicles (SUVs) in China in the first quarter of this year, with such vehicles accounting for 40 percent all sales in the large market, auto industry data showed Tuesday. Hyundai sold 67,167 units of its four SUV models from January through March, [...]
SEOUL, Apr. 24 (Korea Bizwire) — SK hynix Inc. said Tuesday its first-quarter net profit advanced 64.4 percent on-year to post its second-highest quarterly report ever, helped by the continued industrywide boom around the globe. Net profit came to 3.1 trillion won (US$2.89 billion), rising 64.4 percent from 1.89 trillion won posted a year earlier, [...]
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., [...]
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 [...]