SEOUL, Sept. 28 (Korea Bizwire) — Sales of South Korea’s top 500 firms have soared nearly 40 percent over the past 10 years with the information technology and electronics sector taking up the biggest share, a corporate tracker said Wednesday. The combined top line of the leading businesses stood at 3,286 trillion won (US$2.3 trillion) [...]
SEOUL, Sept. 27 (Korea Bizwire) – Volvo Car Korea Co. said Tuesday its accumulated vehicle sales will exceed 100,000 units this year after reporting a double-digit annual sales growth in the past decade in Asia’s fourth-biggest economy. South Korea emerged as the 10th-biggest market for the Sweden-based carmaker last year from the 28th market in [...]
SEJONG, Sept. 20 (Korea Bizwire) — Sales of Google, Apple and other foreign tech giants in South Korea rose more than six times in 2021 from five years earlier to flirt with 4 trillion won (US$2.9 billion), data showed Tuesday. The combined taxable income of foreign tech companies amounted to 3.98 trillion won last year, [...]
GWANGMYEONG, Sept. 14 (Korea Bizwire) — IKEA Korea said Wednesday its sales fell 10 percent in this fiscal year in the first decline after entering South Korea in 2014 as more customers held back spending on home furnishing goods amid eased virus restrictions. The South Korean arm of the Swedish furniture maker said it logged [...]
SEOUL, Sept. 13 (Korea Bizwire) — Convenience stores, open even during the holidays, are seeing rising sales of pharmaceuticals and parcel delivery services. CU, South Korea’s top convenience store chain, saw sales of essential drugs jump by 16.5 percent in 2018 and 10.5 percent in 2019 during the four-day Chuseok fall harvest holiday. This year, [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s camping industry generated about 6.3 trillion won (US$4.55 billion) in sales last year, with the number of registered campgrounds estimated at 2,703, and both figures marked positive year-to-year growth thanks to the rising popularity of camping in the post-pandemic era. According to the Ministry of Culture, Sports [...]
SEOUL, Sept. 6 (Korea Bizwire) — Top domestic and imported automakers Hyundai Motor and Mercedes-Benz may give way to other competitors in sales performance this year. A total of 37,371 units of automobiles from Kia Corp. were newly registered last month, surpassing Hyundai (35,993 units including those from the Genesis brand) to become the top [...]
SEOUL, Sept. 5 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 7.8 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday. The number of newly registered foreign vehicles stood at 23,850 units last month, up from 22,116 units a year ago, the Korea Automobile [...]
SEOUL, Sept. 5 (Korea Bizwire) — The Genesis G90, the flagship sedan of Hyundai Motor Co.’s luxury brand Genesis, has racked up strong sales since its release earlier this year. Genesis reported that a total of 14,658 units of G90, priced at over 100 million won (US$73,280) each, were sold in the South Korean market [...]
SEOUL, Sept. 2 (Korea Bizwire) — Duty-free sales in South Korea sank nearly 15 percent to a six-month low in July due to decreased spending by foreigners, industry data showed Friday. Combined sales at duty-free shops in Asia’s fourth-largest economy stood at 1.25 trillion won (US$920 million)) in July, down 14.6 percent from a month [...]