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Sales of New iPhones in S. Korea Estimated at 170,000 Units in First Week

Sales of New iPhones in S. Korea Estimated at 170,000 Units in First Week

SEOUL, Nov. 9 (Korea Bizwire) — Some 170,000 units of Apple Inc.’s new iPhone models are estimated to have been sold in South Korea since its release here last week, industry data showed Friday. The number covers iPhone XS, Max and XR sales via the country’s three leading mobile carriers — SK Telecom Co., KT [...]

Tumbler Sales at Cafe Franchises Soar amid Plastic-free Movement

Tumbler Sales at Cafe Franchises Soar amid Plastic-free Movement

SEOUL, Sept. 6 (Korea Bizwire) — Sales of tumblers at local coffee franchises surged last month amid the government’s push to reduce the use of plastic cups and straws to protect the environment. Since last month, the government has been clamping down on coffee shops that provide drinks in disposable cups without first asking customers. [...]

Heat Wave Boosts Department Store Sales in S. Korea

Heat Wave Boosts Department Store Sales in S. Korea

SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]

Market for Instant Cup Noodles Grows 20% with Increase of Single-Person Households

Market for Instant Cup Noodles Grows 20% with Increase of Single-Person Households

SEOUL, Aug. 2 (Korea Bizwire) — Although instant noodles are not exempt from the low growth that the food industry is currently facing, demand for instant noodles has soared due to the increase in single-person households. According to the Korea Agro-Fisheries & Food Trade Corporation (aT), which analyzed sales data of instant cup noodles, the [...]