SEOUL, July 24 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. recorded robust on-year sales growth in Vietnam and Indonesia in the first half of 2022, delivering strong performances in the markets traditionally dominated by Japanese automakers, local industry associations’ data showed Sunday. The combined sales of Hyundai Thanh Cong Manufacturing Vietnam [...]
SEOUL, July 19 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc.’s sales in South Korea remained stagnant in the first half of this year after enjoying strong growth in the country’s imported EV market. According to the Korea Automobile Importers & Distributors Association and the CarIsYou Data Research Center, the number of imported EVs [...]
SEOUL, July 18 (Korea Bizwire) — The apple mango bingsu served at luxury hotels in Seoul have seen a sales boost this year despite recent price hikes, largely led by consumers from the “MZ generation,” a Korean term referring to those aged between late 10s and 30s. Bingsu is a traditional dessert made up of [...]
SEOUL, July 18 (Korea Bizwire) — Consumers struggling with surging prices are increasingly limiting their purchases of products other than essential goods like food. The Ministry of Trade, Industry and Energy reported that last month’s offline retailer sales went up by 10.1 percent, while sales in the home appliances and culture sectors dropped by 9.7 [...]
SEOUL, July 17 (Korea Bizwire) — Samsung Electronics Co. said Sunday its accumulated wind-free air conditioner sales have exceeded 7 million units in the domestic market since its launch six years ago. Samsung launched the “no-wind” air conditioner for the first time in the world in 2016 and has expanded its lineup of the product [...]
SEOUL, July 13 (Korea Bizwire) — Sales of dosirak (Korean lunchbox) products such as dosirak boxes and thermal lunch boxes are growing as the number of people packing their own lunch is increasing due to high inflation. According to data from the online shopping mall Wemakeprice Inc., sales of dosirak products during the period from [...]
SEOUL, July 12 (Korea Bizwire) — Samsung Electronics Co., the world’s top memory chip maker, saw its DRAM sales fall in the first three months of the year for a second quarter on weaker prices and other negatives, but the company retained its top spot in the global market, data showed Tuesday. Samsung’s DRAM revenue [...]
SEOUL, July 10 (Korea Bizwire) — The sales of green cars, such as electric and plug-in hybrid vehicles, jumped more than 40 percent in South Korea in the first half of this year from a year earlier, industry data showed Sunday, reflecting the growing popularity of electrified vehicles in the country. The number of green [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s art market continued its upbeat mode in the first half of this year despite an economic slowdown, industry data showed Thursday. The total sales of artworks in Korea reached an estimated 532.9 billion won (US$410.1 million) in the first six months of 2022, according to data by [...]
SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 13 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday. The number of newly registered foreign vehicles stood at 22,695 units last month, down from 26,191 units a year [...]