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Duty-free Sales Hit Record High in 2018 Despite THAAD Row

Duty-free Sales Hit Record High in 2018 Despite THAAD Row

SEOUL, Jan. 14 (Korea Bizwire) — Sales at South Korean duty-free stores continued to show solid growth, reaching their highest-ever figure in 2018, despite a drop in Chinese travelers following a diplomatic row over the deployment of an advanced U.S. missile defense system here, industry data showed Monday. According to the data from the Korea [...]

Sales of Eco-friendly Cars Jump 27 pct Last Year

Sales of Eco-friendly Cars Jump 27 pct Last Year

SEOUL, Jan. 7 (Korea Bizwire) – Carmakers sold more than 120,000 units of environment-friendly vehicles in South Korea last year, up 27 percent from a year earlier, industry data showed Monday. Sales by both domestic and foreign carmakers reached 123,387 eco-friendly vehicles for the whole of 2018, jumping from 97,435 units sold the year before, [...]

Sales of Cold Weather Products Surge in S. Korea

Sales of Cold Weather Products Surge in S. Korea

SEOUL, Dec. 24 (Korea Bizwire) — Sales of cold weather products increased in South Korea apparently as more people purchased goods to keep themselves warm during various year-end events, industry data showed Monday. According to major online shopping mall Gmarket, the sales of products designed to keep people warm, such as jackets or hotpacks, surged [...]

Local Papers Lead to Growth of S. Korean Newspaper Industry

Local Papers Lead to Growth of S. Korean Newspaper Industry

SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s newspaper industry is growing, thanks to local daily newspapers, daily economics newspapers, and online newspapers. The Korea Press Foundation (KPF) revealed that total sales for the newspaper industry in 2017 came in around 3.7 trillion won (US$3.28 billion), which was a 3.2 percent increase from the previous [...]

Sales of Feature Phones Rising amid Smartphone Slump: Data

Sales of Feature Phones Rising amid Smartphone Slump: Data

SEOUL, Dec. 19 (Korea Bizwire) — The global shipment of feature phones increased in the third quarter of the year amid slowing demand for high-end smartphones, as consumers in emerging markets opted for devices with basic functions, industry data showed on Wednesday. According to the data compiled by industry tracker Counterpoint Research, global shipments of [...]