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Electric Vehicles’ Share Increases in S. Korean Car Market

Electric Vehicles’ Share Increases in S. Korean Car Market

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 [...]

A Year of Incredible Growth for the Global Business Aviation Unicorn

A Year of Incredible Growth for the Global Business Aviation Unicorn

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 [...]

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

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 [...]

Foreign Shippers Gain Market Shares after Bankruptcy of Hanjin Shipping

Foreign Shippers Gain Market Shares after Bankruptcy of Hanjin Shipping

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 [...]

Instant Coffee Losing Market Share in S. Korea

Instant Coffee Losing Market Share in S. Korea

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 [...]