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Popularity of Premium Home Appliances Soars

Popularity of Premium Home Appliances Soars

SEOUL, Apr. 8 (Korea Bizwire) — With an increasing number of ‘homebodies’, those who enjoy spending most of their time at home, it has become clear that large and multifunctional household appliances are gaining significant popularity. Emart Inc., South Korea’s leading discount chain operator, announced on Sunday that the share of 65-inch TV sales exceeded [...]

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

SEOUL, Mar. 31 (Korea Bizwire) — Overseas sales of Choco pie, Bibigo Mandu and Shin Ramen all exceeded 300 billion won (US$263.8 million) last year, a milestone for South Korean food producers that have strived to expand into new markets amid tanking demand at home, industry data showed Sunday. The three products, often referred to [...]

Sales of Golf Equipment Soar Despite Severe Air Pollution

Sales of Golf Equipment Soar Despite Severe Air Pollution

SEOUL, Mar. 18 (Korea Bizwire) — With spring just around the corner in South Korea, the warm weather is attracting people to engage more in outdoor activities, boosting sales of golf equipment. Despite severe air pollution that has blanketed the Korean peninsula in recent months, and undermined sales of outdoor sports gear, golf equipment has [...]

S. Korean Luxury Sedan Sales Jump Twofold on New, More Competitive Models

S. Korean Luxury Sedan Sales Jump Twofold on New, More Competitive Models

SEOUL, Mar. 10 (Korea Bizwire) — Domestic sales of South Korean luxury cars jumped some twofold in recent months thanks to demand for new cars and more competitive models, industry data showed Sunday. According to the findings by the Korea Automobile Manufacturers Association (KAMA), sales of the Genesis G90 and Kia K9 flagship sedans reached [...]

Galaxy S10′s First-day Registrations Fall Shy of Predecessors

Galaxy S10′s First-day Registrations Fall Shy of Predecessors

SEOUL, Mar. 5 (Korea Bizwire) – The number of Samsung Electronics Co.’s Galaxy S10s that South Korean users have signed up for at local mobile carriers came to 140,000 units on the first day of registration, industry data showed Tuesday. The number of Galaxy S10′s first-day registration falls below that of the Galaxy S9′s 180,000 [...]

QLED TV Sales Outpace OLED Editions in 2018

QLED TV Sales Outpace OLED Editions in 2018

SEOUL, Feb. 21 (Korea Bizwire) – Samsung Electronics is estimated to have sold 1.08 million quantum dot light-emitting diode (QLED) TVs last year that saw the premium segment outpace organic LED (OLED) sales, the latest market analysis showed Thursday. According to IHS Markit, 2.68 million QLED TVs were sold worldwide in 2018, more than the [...]

E-Mart to Focus on Online Sales, Convenience Stores

E-Mart to Focus on Online Sales, Convenience Stores

SEOUL, Feb. 14 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain, said Thursday that it aims to raise its online sales by 30 percent this year, and open more convenience stores. The retail giant, part of Shinsegae Group, also will further nurture its warehouse store, E-Mart Traders. The company expects its sales for [...]