SEOUL, Jul. 4 (Korea Bizwire) – The South Korean TV home shopping industry is facing a severe downturn with broadcast revenue plummeting to a five-year low, reflecting the ongoing decline in television viewership. This slump comes amid rising transmission fees, further squeezing the industry’s profitability. According to a report released by the Korea TV Home Shopping [...]
SEOUL, May 4 (Korea Bizwire) – The South Korean performing arts scene has experienced a sharp rise in revenue thanks to the lifting of nearly all social distancing rules, like gathering limits, about two weeks ago, industry data showed Wednesday. The combined revenue of 2,051 theatrical plays, musicals, classical concerts and other performances reached 17.3 [...]
SEOUL, April 27 (Korea Bizwire) — Last year, the visual display businesses at Samsung Electronics Co. and LG Electronics Inc. saw drops in the capacity utilization rate from the previous year, but the average sales price per device sold increased, largely thanks to premium TVs, data showed Tuesday. Leaders Index studied the business reports of [...]
SEOUL, Jan. 3 (Korea Bizwire) — The local performing arts scene saw its revenue soar nearly 80 percent in 2021 from a year earlier, thanks to eased social distancing rules and a rising vaccination rate, data showed Monday. The combined revenue of 12,000 theatrical plays, musicals, classical concerts and other performances reached 307.1 billion won [...]
SEOUL, July 2 (Korea Bizwire) — The South Korean performing arts scene posted a 19 percent on-year rise in its revenue for the first half, showing clear signs of a recovery from the yearlong pandemic, data showed Friday. The combined revenue of theatrical plays, musicals, classical concerts and other performances reached 116.9 billion won (US$103.1 [...]
SEOUL, April 14 (Korea Bizwire) — Google Korea saw its revenue reach more than 200 billion won (US$178.65 million) last year in the first disclosure of its financial statement in the country, a regulatory filing showed Wednesday. Google Korea, which operates under Google International LLC, said in the filing that its sales stood at 220.14 [...]
SEOUL, Dec. 14 (Korea Bizwire) — The South Korean film industry is expected to see its total revenue fall to a record low this year due to the fallout from the novel coronavirus pandemic. The Korean Film Council (KOFIC) said Monday that the 2020 revenue from movie theaters, online video sales and overseas sales will [...]
SEOUL, Oct. 5 (Korea Bizwire) — The combined revenue for South Korean movie theaters declined by over 70 percent as the new coronavirus pandemic has continued for months, according to a lawmaker Monday. Cinemas across the country posted revenue of 415.1 billion won (US$356.9 million) in the first nine months of this year, more than [...]
SEOUL, July 12 (Korea Bizwire) — A state-led sales festival designed to boost spending amid the coronavirus outbreak was set to end Sunday, with major department stores posting an increase in revenue on high demand for luxury goods. But discount store chains and traditional markets did not see intended sales-boosting impacts due mainly to a [...]
SEOUL, Feb. 14 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain, said Thursday that it aims to raise its online sales by 30 percent this year, and open more convenience stores. The retail giant, part of Shinsegae Group, also will further nurture its warehouse store, E-Mart Traders. The company expects its sales for [...]