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 [...]
DUBAI, United Arab Emirates, Jan. 17 (Korea Bizwire) — VistaJet, the first and only global business aviation company, today announced that it had its strongest ever year in 2017, with flight hours up markedly year-on-year. It also made significant progress on its core strategic priorities, increasing market share across the globe, and recording double digit [...]
SEOUL, Nov. 27 (Korea Bizwire) — LG Diplay Co.’s share of the market for large display panels fell to the No. 2 spot for the first time since 2009, data showed Monday, paving the way for the rise of China’s BOE Technology Group. According to the data compiled by industry tracker IHS Markit, China’s BOE [...]
SEOUL, Nov. 20 (Korea Bizwire) — U.S. beef has gained a bigger presence in South Korea’s imported beef market this year helped by a bilateral free trade pact, achieving a share of over 50 percent, a trade agency said Monday. In the January-October period, U.S. beef imports reached US$989 million, accounting for 50.7 percent of [...]
SEOUL, Nov. 3 (Korea Bizwire) — Samsung Electronics Co. stood as the world’s top smartphone producer in the third quarter in terms of shipments, data showed Friday, helped by rising sales of budget models. Industry tracker Strategy Analytics said the South Korean tech giant sold 83.4 million units of smartphones in the July-September period, with [...]
SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]
SEOUL, Jan. 17 (Korea Bizwire) – GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., will again see domestic sales grow this year, its CEO James Kim said Tuesday, adding he was confident the company’s market share will breach the 10-percent mark for the first time in a decade. “I believe [...]
BUSAN, Nov. 30 (Korea Bizwire) – Foreign shippers have increased their market shares in major global shipping routes following the bankruptcy of Hanjin Shipping Co., defying expectations that its Korean peer Hyundai Merchant Marine Co. would secure a chunk of Hanjin’s share, data showed Wednesday. Hanjin accounted for 7.78 percent of the Asia-U.S. shipping route [...]
SEOUL, Jan. 8 (Korea Bizwire) – The combined domestic market share of Hyundai Motor Co. and its affiliate Kia Motors Corp. remained below the 70 percent level for the second straight year in 2015, affected by the marked advances of foreign brands and intense competition from other smaller local rivals, industry data showed Friday. According [...]
SEJONG, Dec. 8 (Korea Bizwire) – South Korea’s instant coffee market has been on a steady decline despite increasing coffee consumption, as more people drink at coffee shops or buy other types of coffee drinks, industry data showed Tuesday. The instant coffee retail market was valued at 1.05 trillion won (US$895.6 million) last year, falling [...]