SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Group reached a double-digit market share in the auto market in Britain for the first time in 40 years. In the January-August period, Hyundai Motor Co. and its smaller affiliate Kia Corp.’s market share in Britain marks at 12.3 percent, up by 3.4 percentage points [...]
SEOUL, Sept. 19 (Korea Bizwire) — Samsung Electronics Co. expanded its market share of the global semiconductor industry in the second quarter, maintaining its top spot, a research showed Monday. Samsung’s chip revenue for the April-June period came in at a record quarterly high of US$20.3 billion on the back of solid server demand, taking [...]
SEOUL, Aug. 2 (Korea Bizwire) — The global market share of major South Korean battery makers fell in the first half of this year from a year earlier amid strong growth of Chinese rivals, a report showed Tuesday. LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. together accounted for a combined 25.8 [...]
SEOUL, June 9 (Korea Bizwire) — As China and Germany advanced in the electric vehicle (EV) and battery industry last year, the South Korean share of the global EV and battery export market dropped. The Federation of Korean Industries reported that China and Germany raised their share of the world’s battery-based electric vehicle (BEV) export [...]
SEOUL, May 2 (Korea Bizwire) — Major South Korean battery makers saw their market share dip 6.9 percent in the first quarter from a year earlier amid robust growth of Chinese rivals, a report showed Monday. The combined market share of LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. stood at 26.3 [...]
SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. retook the top spot in the global smartphone market from Apple Inc. in the first quarter of 2022, data showed Friday. The South Korean tech giant shipped 74 million units of smartphones over the January-March period, up 7 percent from the previous quarter and down 3 [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s imported electric vehicle (EV) market, once dominated by Tesla Inc., is now facing fierce competition with European brands releasing new models. The Ministry of Trade, Industry and Energy and the Korea Automobile Importers & Distributors Association (KAIDA) reported that a total of 5,278 units of imported EV [...]
SEOUL, Feb. 7 (Korea Bizwire) — The combined global market share of three major South Korean battery makers declined last year from a year earlier, due largely to the growth of their Chinese rivals, data showed Monday. The cumulative market share of LG Energy Solution Ltd. (LGES), SK Innovation Co. and Samsung SDI Co. came [...]
SEOUL, Nov. 12 (Korea Bizwire) — Many serving robot businesses have been found to import Chinese-made serving robots and misrepresent them as being their own product. Industry insiders reported that more than 70 percent of all serving robots in South Korea are Chinese-made. Among local manufacturers, LG Electronics Inc., Hyundai Robotics Co. and Robotis have [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s online fashion platforms for women’s clothing are working on a number of initiatives, including free and fast delivery, to gain a larger market share. Ably plans to offer free returns for designer and street brand items by the end of this month. If customers return designer or [...]