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European Brands Catch Up with Tesla in S. Korea’s Imported EV Market

European Brands Catch Up with Tesla in S. Korea’s Imported EV Market

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 [...]

Chinese Serving Robots Take Over South Korean Market

Chinese Serving Robots Take Over South Korean Market

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 [...]

Online Fashion Platforms for Women Engage in Ruthless Competition to Gain Market Share

Online Fashion Platforms for Women Engage in Ruthless Competition to Gain Market Share

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 [...]

LG Energy Solution Ranks Second in EV Battery Market in Jan.-Nov. Period

LG Energy Solution Ranks Second in EV Battery Market in Jan.-Nov. Period

SEOUL, Dec. 31 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the second-biggest supplier of electric vehicle (EV) batteries in the first 11 months of the year following China’s CATL, a market research firm said Thursday. LG Energy Solution, which spun off from LG Chem Ltd. earlier this month, shipped 26.4 [...]

Samsung Smartphones’ Domestic Market Share Exceeds 70 pct for First Time

Samsung Smartphones’ Domestic Market Share Exceeds 70 pct for First Time

SEOUL, Nov. 15 (Korea Bizwire) — Samsung Electronics Co., the world’s biggest smartphone maker, saw its domestic market share exceed 70 percent for the first time in the third quarter on new products, a market research firm said Sunday. For the three months that ended in September, Samsung Electronics produced 3.4 million smartphones to account [...]