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Imported Car Sales Jump 50 pct in Nov. Despite Chip Shortage

Imported Car Sales Jump 50 pct in Nov. Despite Chip Shortage

SEOUL, Dec. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 50 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday. The number of newly registered foreign vehicles stood at 28,222 units last month, up from 18,810 units a year ago, the Korea Automobile [...]

Retail Sales Up 7.3 pct in October on Growing Outdoor Activities

Retail Sales Up 7.3 pct in October on Growing Outdoor Activities

SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]

Alcohol-free, Sugar-free Drinks Gaining Popularity

Alcohol-free, Sugar-free Drinks Gaining Popularity

SEOUL, Nov. 28 (Korea Bizwire) — Non-alcoholic and sugar-free zero-calorie drinks are gaining popularity in the liquor market as the pursuit of the so-called “healthy pleasure” lifestyle, in which people stay healthy by doing what they like, is becoming a new trend. Hite Jinro Co.’s alcohol-free Hite Zero 0.00 beer reached sales of 100 million [...]

‘Fragrance Therapy’ Items Gain Popularity After COVID-19 Pandemic

‘Fragrance Therapy’ Items Gain Popularity After COVID-19 Pandemic

SEOUL, Nov. 14 (Korea Bizwire) — An increasing number of consumers are attempting to eliminate depression and refresh themselves using their favorite fragrances after the onset of the COVID-19 pandemic. The home fragrance lines of the niche perfume brands Diptyque and Byredo saw their Nov. 1-10 sales rise by 20.4 percent and 28.1 percent, respectively, [...]

Department Stores and Supermarkets Report Mixed Results Despite Increase in Outdoor Activities

Department Stores and Supermarkets Report Mixed Results Despite Increase in Outdoor Activities

SEOUL, Nov. 10 (Korea Bizwire) — Department stores have reported strong sales thanks to the increase in outdoor activities resulting from the lifting of social distancing rules, but smaller stores have seen their sales stagnate. The nation’s retail sales amounted to 408.4 trillion won in the January to September period of this year, up 7.4 [...]