revenue Archives | Be Korea-savvy
S. Korean Performing Arts Scene Sees Revenue Jump Nearly 80 pct in 2021

S. Korean Performing Arts Scene Sees Revenue Jump Nearly 80 pct in 2021

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 [...]

S. Korean Performing Arts Scene Posts 19 pct Rise in H1 Revenue

S. Korean Performing Arts Scene Posts 19 pct Rise in H1 Revenue

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 [...]

Google Korea’s 2020 Revenue Hits 220 bln Won

Google Korea’s 2020 Revenue Hits 220 bln Won

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 [...]

S. Korean Cinemas See 70 pct Drop in Revenue due to Protracted Coronavirus Pandemic

S. Korean Cinemas See 70 pct Drop in Revenue due to Protracted Coronavirus Pandemic

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 [...]

State-led Sales Campaign Set to End, Department Stores Report Revenue Increase

State-led Sales Campaign Set to End, Department Stores Report Revenue Increase

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 [...]

E-Mart to Focus on Online Sales, Convenience Stores

E-Mart to Focus on Online Sales, Convenience Stores

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 [...]

Netflix Nears 1 Million Subscriber Milestone in S. Korea

Netflix Nears 1 Million Subscriber Milestone in S. Korea

SEOUL, Jan. 30 (Korea Bizwire) — A recent study revealed that U.S. media service provider Netflix Inc. has surpassed 10 billion won (US$8.9 million) in monthly revenue in South Korea. Wise App, a South Korean application analysis agency, said that as of December last year, there were 900,000 Netflix subscribers in South Korea, with monthly [...]