SEOUL, March 2 (Korea Bizwire) — Expectations for the normalization of economic activities are growing despite the spread of the omicron variant of the coronavirus and such expectations have lead to an increase in consumption of spring clothes and color cosmetics. According to Hyundai Department Store, a major department store chain, sales of women’s and [...]
SEOUL, Feb. 21 (Korea Bizwire) — As the country begins to encourage home treatment for COVID-19, demand for cough medication and fever reducers are on the rise as more people are flocking to drug stores to stock medicine at home. Dong-A Pharmaceutical Co. reported that stocks of Panpyrin cold medication are rapidly emptying out at [...]
SEOUL, Feb. 21 (Korea Bizwire) — The booming K-pop market has led to a significant sales boost of related products. Sales of cheering props, however, have dwindled due to the ongoing pandemic. Ktown4u.com, an online shopping mall that specializes in sales of CDs of K-pop groups and their related goods, reported that sales of drama [...]
SEOUL, Feb. 20 (Korea Bizwire) — Samsung Electronics Co. topped global TV sales for the 16th consecutive year in 2021 on increased sales of its high-end TVs amid the COVID-19 pandemic, a global market research firm said Sunday. Last year, Samsung Electronics accounted for 29.5 percent of the world’s TV market in terms of the [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s bestselling domestic car over the last 10 years was Hyundai Motor Co.’s Grandeur sedan and the country’s bestselling imported car was the Mercedes-Benz E-Class sedan, industry data showed Thursday. CarIsYou Data Research Center reported that there were 1,010,681 units of Hyundai Grandeur registered between Jan. 2012 and [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s agricultural ministry and environment ministry will be starting a trial project on Thursday to sell onions separately at 96 stores in 17 cities for seven days. Despite increased demand for onions sold individually with the rise of single-person households in the country, most stores continue to sell [...]
SEOUL, Feb. 14 (Korea Bizwire) — Sales of the biosimilar Remsima by Celltrion Inc. reached an all-time high last year in the United States, the company said Monday. Sales of the biosimilar drug to treat autoimmune diseases jumped 13 percent on-year to US$385 million in 2021, Celltrion Healthcare said, citing industry data. Remsima references Janssen [...]
SEOUL, Feb. 7 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 22 percent in January from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Monday. The number of newly registered foreign vehicles fell to 17,361 units last month from 22,321 units a year ago, the [...]
SEOUL, Feb. 3 (Korea Bizwire) – The market for decaffeinated coffee is expanding as the pandemic has prompted consumers to drink more coffee while gaining interest in health. The Korea Customs Service reported that imports of decaffeinated coffee beans jumped from 3,712 tons in 2020 to 4,737 tons in 2021, an increase of 27.5 percent. [...]
SEOUL, Feb. 3 (Korea Bizwire) — The share of recreational vehicles (RVs) including SUVs in the domestic car market topped the 50 percent mark last year for the first time. According to the data by CarIsYou Data Research Center, 1,494,070 cars were sold in the domestic market last year, of which RVs accounted for 808,639 [...]