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 [...]
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 [...]