SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 3.1 percent last month from a year earlier on strong demand for their SUV models. Hyundai, Hyundai’s independent Genesis brand, and Hyundai’s affiliate Kia sold a total of 93,998 vehicles in [...]
SEOUL, Jan. 27 (Korea Bizwire) — Retail sales in South Korea rose 11.3 percent on-year in 2021 on the back of strong appetite for consumption and growing online transactions amid the prolonged COVID-19 pandemic, the industry ministry said Thursday. The combined sales of local offline retailers climbed 7.5 percent on-year from the previous year, and [...]
SEOUL, Jan. 18 (Korea Bizwire) — Lottery sales in South Korea rose 10.3 percent on-year to reach an all-time high last year amid the COVID-19 pandemic, data showed Tuesday. Sales of lottery tickets stood at 5.98 trillion won (US$5.02 billion) in 2021, compared with 5.42 trillion won the previous year, according to the data from [...]
SEOUL, Jan. 18 (Korea Bizwire) – Since the outbreak of the coronavirus, South Korea’s non-alcoholic beer market has been growing at a blistering pace thanks to an increase in the number of health-conscious consumers and the growth of the drinking-at-home culture. Hite Jinro Co., the country’s second-largest beverage company, had been selling between 6 and 7 million [...]
SEOUL, Jan. 14 (Korea Bizwire) — Sales of supercars that cost more than 200 million won (US$168,000) spiked last year. Italian supercar maker Ferrari sold 357 cars in South Korea last year, which was 68.4 percent more than the previous year (212 cars), according to the data by CarIsYou Data Research Center. Bentley sales also [...]
SEOUL, Jan. 13 (Korea Bizwire) — Hyundai Motor Co. topped the sales charts in Vietnam’s automobile market for the second consecutive year. The Vietnam Automobile Manufacturers’ Association (VAMA) said that Hyundai sold 70,518 cars last year, topping sales charts. Vietnam’s bestselling model was the Vinfast Fadil hatchback with 24,128 cars sold. Total sales reached 304,149 [...]
SEOUL, Jan. 13 (Korea Bizwire) – Apple Korea’s sales jumped 24 percent on-year to hit 7.1 trillion won (US$5.97 billion) last year, data showed Thursday. The South Korean unit of U.S. tech giant Apple Inc. — Apple Korea Ltd.– logged 7.1 trillion won (US$5.97 billion) in sales from Oct. 1, 2020 to Sept. 30 last [...]
SEOUL, Jan. 10 (Korea Bizwire) — Sales of short-term corporate bonds in South Korea jumped more than 20 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday. Local companies issued 1,243.7 trillion won (US$1.04 trillion) worth of short-term bonds, up 20.6 percent from a year earlier, according to the data [...]
SEOUL, Jan. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea plunged 24 percent in December from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 23,904 units last month from 31,419 units a year ago, the [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 1.44 million vehicles in the world’s most important automobile [...]