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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 [...]

Philips Delivers Q1 Sales of EUR 4.2 Billion, with 2 pct Comparable Sales Growth; Income from Continuing Operations Increased to EUR 171 Million and Adjusted EBITA Margin Improved to 8.8 pct

Philips Delivers Q1 Sales of EUR 4.2 Billion, with 2 pct Comparable Sales Growth; Income from Continuing Operations Increased to EUR 171 Million and Adjusted EBITA Margin Improved to 8.8 pct

Amsterdam, NETHERLANDS, Apr. 29 (Korea Bizwire) –  First-quarter highlights •        Sales in the quarter amounted to EUR 4.2 billion, with 2% comparable sales growth •        Comparable order intake increased 2% •        Income from continuing operations increased to EUR 171 million, compared to EUR 94 million in Q1 2018 •        Adjusted EBITA margin was 8.8% of [...]

K-pop Sales on eBay Jump by 50 pct Thanks to BTS

K-pop Sales on eBay Jump by 50 pct Thanks to BTS

SEOUL, Apr. 19 (Korea Bizwire) – South Korean boy band sensation BTS’s new album, “Map of the Soul: Persona,” is sweeping across music charts in the United States, the United Kingdom, and Japan. The BTS fever is also hot on eBay, where K-pop related goods have recently seen a surge in popularity eBay Korea announced [...]

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

SEOUL, Apr. 19 (Korea Bizwire) — Hyundai Motor Group’s first-quarter sales in China fell for the fifth year in a row, reeling from the aftermath of a diplomatic row and increasingly competitive alternatives from Chinese automakers, company data showed Friday. In the January-March quarter, Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a [...]