SEOUL, July 4 (Korea Bizwire) — The retail industry in South Korea is booming in this year’s monsoon season, which has particularly been windy and rainy. E-commerce platform Gmarket has seen a 94-percent increase in umbrella sales in Jeju during the monsoon season between June 20 and 29, compared to last year. Sales of umbrellas [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. saw their sales in the United States fall 12.7 percent on-year in the first half of the year due to a slowdown and a chip shortage, the companies said Saturday. Hyundai and Kia sold a combined 702,875 vehicles in the [...]
SEOUL, June 29 (Korea Bizwire) — The growing popularity of outdoor activities and high-flying oil prices are prompting many Koreans to take up cycling, data showed Tuesday. Online shopping mall Auction conducted merchandise sales data analysis sorted by category from May 24 to June 23, which showed that demand for bicycles and accessories had increased. [...]
SEOUL, June 28 (Korea Bizwire) — Retail sales in South Korea rose 10.1 percent on-year in May on the back of growing demand for fashion-related items and other services amid the government’s relaxation of COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline [...]
SEOUL, June 26 (Korea Bizwire) — South Korea’s Hyundai Motor Co. had the highest electric vehicle sales in Indonesia last month, an Indonesian automotive industry association said Sunday. Hyundai sold 196 EVs — 195 units of the IONIQ 5 and one unit of the IONIQ Electric — in the Southeast Asian market in May, according [...]
SEOUL, June 23 (Korea Bizwire) – The popularity of various types of sports gear is changing with the government dropped all social distancing measures. Online shopping mall Auction reported that sales of ball-related sports gear jumped by 700 percent among customers in their 20s and 30s between April 18 and June 20. Sales of tennis [...]
SEOUL, June 22 (Korea Bizwire) — The golf industry has enjoyed a major boom during the pandemic era, data showed Tuesday. Credit card giant BC Card Co., in a study of golf-related sales for the period between June 2019 and May 2022, showed that golf courses and golf practice facilities saw their sales rise by [...]
SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea’s top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in [...]
SEOUL, June 17 (Korea Bizwire) — The number of books being published on coding and data analysis that are needed for the creation of applications or programs using computer language is increasing rapidly in South Korea, data showed Thursday. The number of new books with keywords such as coding or data analysis in the IT [...]
SEOUL, June 16 (Korea Bizwire) – Local businesses saw their first-quarter sales continue to rise but at a slower pace than three months earlier amid growing economic uncertainty at home and abroad, central bank data showed Thursday. A total of 20,120 corporations subject to external audits posted a 17 percent rise in their combined sales [...]