SEOUL, April 11 (Korea Bizwire) — Automotive sales channels that have been limited to offline dealers are now expanding towards retail industries, including large discount stores and online malls, amid a shift in the automotive retail paradigm. Large discount store chains E-Mart Inc. and Homeplus Co. each set up a showroom for Hyundai Motor Co.’s [...]
SEOUL, March 29 (Korea Bizwire) — Retail sales in South Korea rose 4.7 percent in February from a year earlier on the back of growing online consumption amid the worst COVID-19 wave, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers reached 12.19 trillion won (US$9.99 billion) last month, [...]
SEOUL, Jan. 27 (Korea Bizwire) — Retail sales in South Korea rose 11.3 percent on-year in 2021 on the back of strong appetite for consumption and growing online transactions amid the prolonged COVID-19 pandemic, the industry ministry said Thursday. The combined sales of local offline retailers climbed 7.5 percent on-year from the previous year, and [...]
SEOUL, Dec. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 13.66 trillion won (US$11.54 billion) last [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea surged 14.4 percent in October from a year earlier as more consumers opened their wallets amid various promotional events and cold weather, the industry ministry said Monday. The combined sales of 25 major offline and online retailers reached 13.6 trillion won (US$11.41 billion) last [...]
SEOUL, Oct. 28 (Korea Bizwire) — Retail sales in South Korea surged 8.2 percent in September from a year earlier, data showed Thursday, as consumers turned to “revenge shopping” amid the prolonged virus pandemic. The combined sales of 25 major offline and online retailers reached 13.2 trillion won (US$11.26 billion) last month, compared with 11.9 [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.4 percent in August from a year earlier, data showed Wednesday, as people continued to purchase more food and groceries online amid the new wave of the COVID-19 pandemic. The combined sales of 25 major offline and online retailers reached 12.6 trillion [...]
SEOUL, Aug. 26 (Korea Bizwire) — Retail sales in South Korea advanced 13 percent in July from a year earlier, data showed Thursday, on the back of strong demand for food delivery services amid the prolonged social distancing measures. The combined sales of 25 major offline and online retailers reached 12.9 trillion won (US$11 billion) [...]
SEOUL, Aug. 2 (Korea Bizwire) — Department stores and shopping malls are seeing a sales recovery following this year’s so-called ‘revenge spending’ trend, but local supermarkets are still struggling to stay afloat. The Korea Small Business Institute (KOSBI) and Statistics Korea reported 43.8 trillion won (US$38.1 billion) in retail sales in May, with department store [...]
SEOUL, June 27 (Korea Bizwire) — Retail sales in South Korea moved up 12.9 percent in May from a year earlier, data showed Sunday, as more consumers visited offline shops amid the country’s aggressive inoculation program. The combined sales of 25 major offline and online retailers reached 13.1 trillion won (US$11.6 billion) last month, up [...]