sales Archives | Be Korea-savvy
Tumbler Sales at Cafe Franchises Soar amid Plastic-free Movement

Tumbler Sales at Cafe Franchises Soar amid Plastic-free Movement

SEOUL, Sept. 6 (Korea Bizwire) — Sales of tumblers at local coffee franchises surged last month amid the government’s push to reduce the use of plastic cups and straws to protect the environment. Since last month, the government has been clamping down on coffee shops that provide drinks in disposable cups without first asking customers. [...]

Heat Wave Boosts Department Store Sales in S. Korea

Heat Wave Boosts Department Store Sales in S. Korea

SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]

Market for Instant Cup Noodles Grows 20% with Increase of Single-Person Households

Market for Instant Cup Noodles Grows 20% with Increase of Single-Person Households

SEOUL, Aug. 2 (Korea Bizwire) — Although instant noodles are not exempt from the low growth that the food industry is currently facing, demand for instant noodles has soared due to the increase in single-person households. According to the Korea Agro-Fisheries & Food Trade Corporation (aT), which analyzed sales data of instant cup noodles, the [...]

Non-German Foreign Carmakers Post Strong Performances for 2017 in S. Korea

Non-German Foreign Carmakers Post Strong Performances for 2017 in S. Korea

SEOUL, Jul. 12 (Korea Bizwire) — Non-German foreign carmakers, such as Toyota Motor Corp. and Jaguar Land Rover, did well in South Korea in the past fiscal year, posting sales of over 1 trillion won (US$887 million) each, the companies said Thursday. In the 2017 fiscal year, which ended in March, Toyota Motor reported sales [...]

Jumio Records Best Sales Quarter in Company History, Fueled by Q2 Growth in Asia Pacific

Jumio Records Best Sales Quarter in Company History, Fueled by Q2 Growth in Asia Pacific

PALO ALTO, Calif., Jul. 10 (Korea Bizwire) — Jumio, the leading AI-powered trusted identity as a service provider, today announced its best sales quarter in company history, ending June 30, 2018, representing a 269 percent increase in sales over the same quarter last year. The results were fueled by record sales growth in the Asia [...]

Convenience Stores’ Sales Soar as S. Korea Kicks Off World Cup Campaign

Convenience Stores’ Sales Soar as S. Korea Kicks Off World Cup Campaign

SEOUL, Jun. 19 (Korea Bizwire) — Local convenience stores saw their sales jump as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign, retailers here said Tuesday. BGF Retail Co., the operator of the country’s largest convenience store [...]

Electric Vehicles’ Share Increases in S. Korean Car Market

Electric Vehicles’ Share Increases in S. Korean Car Market

SEOUL, Jun. 6 (Korea Bizwire) – The share of electric vehicles (EV) in the sales of eco-friendly vehicles in South Korea has surpassed 20 percent for the first time this year on the back of a wide range of lineups and improved charging infrastructure, industry data showed Wednesday. A total of 5,542 EVs were sold [...]

Sales of HNB E-cigarettes Grow Fast Since Debut Last Year

Sales of HNB E-cigarettes Grow Fast Since Debut Last Year

SEOUL, May 16 (Korea Bizwire) — South Korean has seen sales of heat-not-burn (HNB) electronic cigarettes grow at a fast click since their debut here last year, amid soaring popularity among local smokers, data showed Wednesday. According to the data from the government and industry sources, 163 million packs of HNB tobacco products were sold [...]