sales Archives | Be Korea-savvy
EV Models Reach Over 40 pct of Hyundai, Kia Eco-friendly Car Sales

EV Models Reach Over 40 pct of Hyundai, Kia Eco-friendly Car Sales

SEOUL, Dec. 9 (Korea Bizwire) — Electricfied models reached over 40 percent of Hyundai Motor Co. and Kia Motors Corp.’s environmentally friendly vehicle sales in the January-October period, an automobile association said Monday. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, according to the data from [...]

Imported Car Sales Up 6.2 pct in Oct., Japanese Brands Suffer Extended Slump

Imported Car Sales Up 6.2 pct in Oct., Japanese Brands Suffer Extended Slump

SEOUL, Nov. 5 (Korea Bizwire) — Imported car sales in South Korea rose 6.2 percent on-year last month helped by new models, but Japanese brands still struggled feeling the pinch of a boycott against Japanese goods amid trade tensions between Seoul and Tokyo, industry data showed Tuesday. The number of newly registered foreign vehicles rose [...]

Uniqlo Sales Plunge Despite Special Discounts

Uniqlo Sales Plunge Despite Special Discounts

SEOUL, Nov. 1 (Korea Bizwire) — Uniqlo, a Japanese fashion retailer targeted by the boycott movement in South Korea following Japan’s restrictions on exports to the country, has suffered a plunge in sales despite massive discount offers. Rep. Park Kwang-on reported based on a compilation of data collected from eight credit card companies in South [...]

Roaring K-pop Boom Reverses Fate of Declining CDs and Other Tangible Albums

Roaring K-pop Boom Reverses Fate of Declining CDs and Other Tangible Albums

SEOUL, Nov. 1 (Korea Bizwire) — The roaring K-pop boom in South Korea is reviving the fate of perishing CD music and other physical music record formats. Since the early 2000s, compact disc as a music distribution format has been increasingly replaced by other digital storage and distribution formats such as internet streaming. Reversing the [...]

Hanwha and Doosan Withdraw from Duty-free Business Due to Low Profitability

Hanwha and Doosan Withdraw from Duty-free Business Due to Low Profitability

SEOUL, Oct. 30 (Korea Bizwire) — Duty-free shops are shutting down as sales have plunged. Doosan Corp., the holding company of South Korean conglomerate Doosan Group, announced on Tuesday that it will shut down its duty-free shops located in Seoul’s Doosan Tower. This is the second time a duty-free store decided to withdraw from business [...]

Liquid E-cigarette Makers at Risk as GS25 Halts Sales

Liquid E-cigarette Makers at Risk as GS25 Halts Sales

SEOUL, Oct. 25 (Korea Bizwire) — South Korean convenience store chain GS25 decided to halt all sales of flavored liquid e-cigarettes on Thursday, putting JUUL Labs and other e-cigarette manufacturers at risk. It came as a surprise to the e-cigarette industry as the convenience store franchise made the decision unilaterally, without any prior discussions with [...]