SEOUL, June 16 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, overtook domestic rival Samsung SDI Co. to become the fifth-largest supplier of electric vehicle (EV) batteries for the first time, data showed Tuesday. Based on the global usage of EV batteries, SK Innovation’s market share stood at 3.5 percent [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s presence in the global TV market is expected to drop in the second quarter of the year as the virus pandemic significantly damaged its key markets, the United States and Europe, a report showed Tuesday, while Chinese makers were projected to make a relatively quick recovery. According [...]
SEOUL, June 11 (Korea Bizwire) — Samsung Electronics Co.’s market share in the global foundry industry is expected to increase in the current quarter from the previous three months, a report showed Thursday, with growth in the 5G smartphone market. Samsung’s share of the foundry business was estimated at 18.8 percent in the April-June period, [...]
SEOUL, May 19 (Korea Bizwire) — Samsung Electronics Co.’s share of the global TV market hit an all-time high in the first quarter amid an overall market fall due to the coronavirus pandemic, a market tracker said Tuesday. The South Korean tech kingpin accounted for 32.4 percent of the world TV market in terms of [...]
SEOUL, March 2 (Korea Bizwire) — The market share of South Korea’s major electric vehicle (EV) battery producers reached a record high last month, industry data showed Monday. Based on the global usage of their EV batteries, the combined market share of three South Korean EV battery makers — LG Chem Ltd., Samsung SDI Co. [...]
SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co.’s share in the global NAND flash market and its revenue increased in the second quarter from a quarter ago thanks to demand recovery in some key products, an industry report said Friday. Samsung’s NAND shipments grew by 30 percent in the April-June period on the back [...]
SEOUL, May 24 (Korea Bizwire) — The market share of heat-not-burn (HNB) electronic cigarettes has risen more than five times over the past two years on tobacco makers’ aggressive marketing, data showed Friday. Sales of HNB e-cigarettes stood at 92 million packs in the first quarter of this year, up a whopping 34 percent from [...]
SEOUL, Mar. 3 (Korea Bizwire) — The share of environment-friendly vehicles jumped to 8.2 percent of South Korea’s passenger car market last year on government subsidies and changing consumer appetite, a car industry association said Sunday. In 2018, the number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, reached 124,979 [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korean beer that had ranked No. 1 in terms of alcoholic beverages sold at large discount stores have lost ground to foreign rivals and wine, market data showed Wednesday. Figures released by E-Mart Inc., one of the largest hypermarket chains in Asia’s fourth-largest economy, showed that local beer [...]
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 [...]