SEOUL, Oct. 27 (Korea Bizwire) — Padded and non-padded coat sales are on the rise as more consumers are preparing for the early coming of winter. Shinsegae International Inc., the apparel arm of retail giant Shinsegae, said Wednesday that its fashion brands VOV, STUDIO TOMBOY, ILAIL, Della Lana and G-CUT’s sales between Oct. 1-23 jumped [...]
SEOUL, Oct. 20 (Korea Bizwire) — Fresh and processed food sales are on the rise as more people are choosing to dine at home instead of going to a restaurant due to rising consumer prices. Major online shopping mall Gmarket, citing its sales data for the third quarter of this year, said Wednesday that fresh [...]
SEOUL, Oct. 19 (Korea Bizwire) — “Used but nearly new cars” are drawing attention due to lengthy delivery delays for new cars resulting from the prolonged disruption in the supply of chips for automobiles. According to used car platform Encar, the share of “nearly new cars” among overall sales of used cars has been on [...]
SEOUL, Oct. 18 (Korea Bizwire) — Marine sports such as surfing, scuba diving, yachting and others have gained popularity in recent years, data showed Monday. KB Kookmin Card Co., a credit card arm of KB Financial Group Inc., analized the four-year data of credit card sales related to marine sports, which showed a 140 percent [...]
SEOUL, Oct. 18 (Korea Bizwire) — Sport utility vehicles (SUVs) are sweeping South Korea’s car sales charts this year, thanks to a shift in consumer sentiment resulting from the COVID-19 pandemic and carmakers’ profitability-centered strategy. The domestic sales of SUVs, including recreational vehicles (RVs), stood at 618,384 units in the first nine months of this [...]
SEOUL, Oct. 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 17 percent last month from a year earlier despite the extended chip shortage, an industry association said Thursday. The number of newly registered foreign vehicles stood at 23,928 units last month, up from 20,406 units a year ago, the Korea Automobile [...]
SEOUL, Oct. 6 (Korea Bizwire) — The number of new cars registered last month in South Korea was higher than a year ago thanks to the easing of the disruption in automobile chip supplies. According to CarIsYou Data Research Center, 141,640 new cars were registered in September, up 17.9 percent year on year and 6 [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia Corp. and Hyundai’s independent Genesis brand sold a combined 120,642 vehicles in the world’s most important automobile [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw their electric vehicle (EV) sales in the United States sink in September from a month earlier amid worries over the potential impact from a new U.S. law disadvantaging EV makers that do not produce the green vehicles in America, company data showed [...]
SEOUL, Sept. 28 (Korea Bizwire) — Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people’s outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, data showed Wednesday. The combined sales of 25 major offline and online retailers [...]