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Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

SEOUL, Sept. 16 (Korea Bizwire) – Online transactions of cosmetics are expanding as the entire distribution industry is increasingly leaning towards online platforms in South Korea. Statistics Korea and the cosmetics industry reported that online transactions of cosmetics products reached 6.6 trillion won (US$5.6 billion) between January and July, up 20 percent since last year. Cosmetics sales [...]

Traditional Cigarettes Increasingly Replaced by E-cigarettes

Traditional Cigarettes Increasingly Replaced by E-cigarettes

SEOUL, Aug. 1 (Korea Bizwire) — The popularity of traditional cigarettes is waning, as e-cigarettes have seen a significant boost in sales this year. The Ministry of Economy and Finance reported that cigarette sales reached 1.67 billion packs between January and June this year, which was a 0.6 percent decrease from last year. Among them, [...]

Duty-free Sales Hit Record High in H1

Duty-free Sales Hit Record High in H1

SEOUL, Jul. 17 (Korea Bizwire) — Sales at South Korean duty-free stores hit a new half-year high, industry data showed Wednesday, on the back of the opening of new downtown shops and on-arrival duty-free shops here. The combined sales of local duty-free shops reached 11.66 trillion won (US$9.87 billion) during the January-June period, compared with [...]

Japanese Automakers Expanding Presence in S. Korea with Hybrid Models

Japanese Automakers Expanding Presence in S. Korea with Hybrid Models

SEOUL, Jul. 14 (Korea Bizwire) — Japanese automakers are expanding their presence in South Korea, industry data showed Sunday, as the popularity of their hybrid models is rising in the imported car market. According to data from the Korea Automobile Importers & Distributors Association (KAIDA) and automakers, Japanese auto brands took a 21.5 percent share [...]

RVs Account for Nearly Half of S. Korean Automakers’ Domestic Sales in H1

RVs Account for Nearly Half of S. Korean Automakers’ Domestic Sales in H1

SEOUL, Jul. 14 (Korea Bizwire) — Recreational vehicles (RVs) accounted for nearly half of South Korean carmakers’ domestic sales in the first half of the year, industry data showed Sunday. In South Korea, SUVs and minivans are included in the RV category. According to the data, the country’s five automakers, including Hyundai Motor Co. and [...]

Galaxy S10 Sales 12 pct Higher than Predecessor

Galaxy S10 Sales 12 pct Higher than Predecessor

SEOUL, Jul. 2 (Korea Bizwire) — The first quarter sales of Samsung Electronics Co.’s Galaxy S10 series smartphones were 12 percent higher than sales of the previous model, industry data showed Tuesday. According to industry tracker Counterpoint Research, 16 million units of the Galaxy S10 were sold between March and May, which was more than [...]