SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Motor Group’s cumulative sales of eco-friendly vehicles surpassed the 1 million mark in July, 13 years after its entry into the green-car market, data showed Monday. The automaking giant said its two carmaking affiliates — Hyundai Motor Co. and Kia Corp. — sold a combined 29,484 environmentally-friendly vehicles [...]
SEOUL, Aug. 5 (Korea Bizwire) — Sales of Ferrari models are set to exceed 300 in South Korea this year amid growing demand for high-performance vehicles in Asia’s fourth-biggest economy, its importer said Friday. Forza Motors Korea Corp. (FMK), which imports Ferrari and Maserati models, said it sold 842 Maserati and 300 Ferrari models in [...]
SEOUL, Aug. 5 (Korea Bizwire) — Convenience store chain 7-Eleven said Thursday that the cumulative sales of its “mykeyring” character products had passed the 2 million mark. 7-Eleven released the industry’s first “Pokemon Surprise” mykeyring last month and started selling “Jjanggu” and “Sanrio” mykeyring products in May. These products were developed on the basis of [...]
SEOUL, Aug. 5 (Korea Bizwire) — As high inflation continues, an increasing number of South Koreans are turning to simple meals at discount stores. E-Mart Inc., a discount store chain under Shinsegae Group, saw the sales of simple meals such as sandwiches, salads and gimbap (seaweed rice rolls with vegetables) jump by 25 percent in [...]
SEOUL, Aug. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 12 percent last month from a year earlier as the chip shortage continued to affect vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles stood at 21,423 units last month, down from 24,423 units a year [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 11 percent last month from a year earlier amid the prolonged global chip shortage. Hyundai, its independent Genesis brand, and Kia sold 128,283 vehicles in the world’s most important automobile market [...]
SEOUL, Aug. 3 (Korea Bizwire) — Amid the scorching summer heat, there are an increasing number of people looking for so-called “opposite-season” apparel like padded and fur coats. Shinsegae Department Store opened up a premium pop-up store for padded coats that cost more than 1 million won (US$760) each in Hanam branch on July 15. [...]
SEOUL, Aug. 2 (Korea Bizwire) — As the COVID-19 pandemic continues to rage on, cold medicines are seeing an unexpected sales boost. Yuhan Corp.’s Cough Syrup and Cough Tabs reached 7.35 billion won (US$5.62 million) in sales for this year’s second quarter, up by 154.2 percent from last year. The sales of the two products [...]
SEOUL, July 28 (Korea Bizwire) — Retail sales in South Korea rose 9.3 percent on-year in the first half of this year amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 82 trillion won (US$65.2 billion) in [...]
SEOUL, July 27 (Korea Bizwire) — With COVID-19 social distancing restrictions in the rearview mirror, transactions of used sports and water play items increased sharply in South Korea. Online secondhand marketplace Bungaejangter analyzed the change in the number of transactions in its sports and leisure categories for three months before and after the lifting of [...]