sales growth Archives | Be Korea-savvy

Hyundai Motor Sees Silver Lining in Brazil Market

SEOUL, March 21 (Korea Bizwire) - Hyundai Motor achieved its first salesgrowth in Brazil in 11 months in February, despite the South American country’s severe economic slump, industry officials said Sunday. The officials said Hyundai sold 13,922 vehicles in Brazil last month, up 6.3 percent from the same month in 2015.’ It is the first time since March last year that the top South Korean automaker has attained a year-on-year monthly sales increase. Hyundai’s Brazilian market share, which rose [...]

Sales Growth at Korean Firms Hits 5-year Low on Oil Prices, Currency

SEOUL, Dec. 26 (Korea Bizwire) — South Korean companies saw the lowest on-year sales growth in more than five years in the third quarter of this year as unfavorable currency exchange rates and weakening oil prices hit exporters, central bank data showed Friday, raising concerns over their flagging growth potential. Sales growth at 1,670 local [...]