SEOUL, Jan. 4 (Korea Bizwire) — Excluding Hyundai Motor Co. and Kia Corp., foreign car brands emerged as the winners in the South Korean car market last year. According to the Korea Automobile Importers and Distributors Association, BMW Group Korea and Mercedes-Benz Korea sold 69,400 units and 61,436 units in the Korean market during the [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean automakers’ sales fell 12 percent last month from a year earlier as a prolonged chip shortage disrupted vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, Dec. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 13.66 trillion won (US$11.54 billion) last [...]
SEOUL, Dec. 24 (Korea Bizwire) — The South Korean webtoon industry saw its combined sales top 1 trillion won (US$843.6 million) for the first time last year, government data showed Friday. The total sales of the local web-based comic market amounted to 1.05 trillion won in 2020, up 64.6 percent from a year earlier, according [...]
SEOUL, Dec. 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 23 percent in November from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered imported commercial vehicles declined to 360 units last month from 468 a year ago, the Korea Automobile [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea’s content industry made a rebound in sales in the first half from a year earlier on rapid growth in advertising and cartoon sectors, a government report showed Tuesday. Industry-wide sales reached 61.2 trillion won (US$51.3 billion) in the first six months of this year, up 6 percent [...]
SEOUL, Dec. 20 (Korea Bizwire) — Beef from Korean premium “hanwoo” cattle and wine have swept across large-sized retailers this year. E-Mart Inc., in its sales report from 2019 to November of this year, showed that wine went from ranking 10th in sales last year to sixth this year after seeing a jump in sales [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hyundai Motor Group said Sunday that environment-friendly vehicles topped 10 percent of its global car sales for the first time this year amid growing demand for electric cars. The country’s top automotive conglomerate said its two carmakers, Hyundai Motor Co. and Kia Corp., sold a total of 656,479 eco-friendly [...]
SEOUL, Dec. 17 (Korea Bizwire) — Galleria Department Store said Thursday that its luxury hall located in Gangnam District, Seoul surpassed 1 trillion won (US$844 million) in annual sales for the first time since its opening 31 years ago. As of November, the luxury hall has seen a 67 percent rise in jewelry and watches [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean construction companies’ sales dropped on-year in 2020 for the first time in 21 years due to the coronavirus pandemic, government data showed Thursday. The combined top line of local builders reached 396.9 trillion won (US$336 billion) last year, down 1.1 percent from the previous year, according to [...]