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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 [...]

‘Alas, Those Were the Days!’ S. Korea’s Fast Food Outlets Reminisce on Old Times

‘Alas, Those Were the Days!’ S. Korea’s Fast Food Outlets Reminisce on Old Times

SEOUL, Apr. 30 (Korea Bizwire) — The McDonald’s outlet at exit No. 3 of Seoul’s Shinchon Station: for many, it was more than a run-of-the-mill burger place to grab a bite to eat. “Looking for a job after graduation, I spent many hours there for group studies and mock interviews with other applicants,” said Song [...]

Jumio Achieves Record-Breaking Sales in Q1 2018, a 400% Increase Year-Over-Year

Jumio Achieves Record-Breaking Sales in Q1 2018, a 400% Increase Year-Over-Year

PALO ALTO, Calif., Apr. 26 (Korea Bizwire) — Jumio Corporation, the leading AI-powered trusted identity as a service, today announced the best sales quarter in company history. Led by strong sales in telecom, financial services and the sharing economy, Jumio grew Q1 2018 sales of its Netverify® solution by more than 400 percent compared to [...]

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]