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 [...]
SEOUL, Mar. 6 (Korea Bizwire) — Worsening fine dust pollution has changed the sales rankings of home appliances over the past three years as more people buy air purifiers and clothes dryers, industry data showed Wednesday. According to leading discount retailer E-Mart, sales of home appliances related to air pollution have jumped over the past [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics Co., industry data showed Friday. Samsung Electronics posted sales of 20.1 trillion won (US$17.8 billion) over the January-June period for the home appliances segment, above LG [...]
SEOUL, Oct. 30 (Korea Bizwire) — Samsung Electronics Co. remained as the leading player in the U.S. home appliances market in the July-September period, ranking No. 1 for the sixth consecutive quarter. Citing the data compiled by industry tracker Traqline, Samsung Electronics said it accounted for 19.3 percent of the U.S. market in the third [...]
BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday. The North imported US$75.04 million worth of LCD TVs from [...]
SEOUL, May 15 (Korea Bizwire) – LG Electronics has partnered with Vietnam’s leading state-run broadcaster, HTV7, to market its premium line-up of home appliances through a local entertainment program. According to the company, the show titled Smart Wives premieres on May 16, to be aired for the next thirteen weeks. In the show, two local [...]
SEOUL, May 10 (Korea Bizwire) – The home appliance divisions at Samsung and LG thrived in the first quarter of this year, despite Q1 traditionally being an off-season for household appliances, a reversal of fortunes largely attributed to the electronics giants’ premium products. Despite higher price tags for premium electronics, the products help manufacturers boost [...]
SEOUL, Feb. 6 (Korea Bizwire) – The home appliance industry has recently upped growth expectations for the laundry dryer market from doubling this year (compared to 2016) to tripling, if not quadrupling, to 300,000 to 400,000 units to be sold. Despite the ubiquity of electric or gas dryers overseas, most Korean households still make use [...]
SEOUL, Jan. 31 (Korea Bizwire) – LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2016 despite a gap in their overall revenue, industry data showed Tuesday. LG’s home entertainment, home appliance and air solution divisions chalked up an operating profit of 2.57 trillion won (US$2.19 billion) on [...]
SEOUL, April 5 (Korea Bizwire) – Engaged couples are shopping online to purchase furnishings for their new homes, avoiding endless shopping and almost inevitable arguments while they purchase the items the need to start a life together. Not so long ago, couples preparing for marriage had to walk around from store to store to purchase [...]