SEOUL, Dec. 14 (Korea Bizwire) — Fashion products have become the most sold items on television shopping channels this year. As the pandemic era drags on, consumers who once looked for homewear last year are now turning their eyes to outdoor clothes and other outdoor goods. Sorted by the number of orders made on each [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Koreans are buying wider range of luxury goods from handbags to watches, jewelry, scarves and perfumes. Market researcher Euromonitor reported 4.6 percent growth in South Korea’s luxury market from last year, reaching an aggregate total of US$14.2 billion. Aside from sales of luxury cosmetics, which have struggled during [...]
SEOUL, Dec. 13 (Korea Bizwire) — A steady decrease in smoking in South Korea, led by the government’s strong anti-smoking policy, has been curbed during the pandemic. KT&G Corp., the country’s dominant tobacco firm, reported its sales reached 2.64 trillion won (US$2.23 billion) in the first nine months of the year, up 20.2 percent from [...]
SEOUL, Dec. 6 (Korea Bizwire) — For the very first time, Hyundai Motor Co. and its affiliate Kia Corp. sold more than 100,000 eco-friendly SUVs this year, driven by the success of hybrid models. The two automakers sold a total of 119,054 hybrid, electric and hydrogen-powered SUVs in South Korea from January to November of [...]
SEOUL, Dec. 6 (Korea Bizwire) — With South Korea’s art market reaching new highs, the total volume of successful bids has set a new record this year. The Korea Arts Management Service reported that 296.8 billion won (US$250 million) had been spent on artwork auctions this year as of November. The size of the art [...]
SEOUL, Dec. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 31 percent in November from a year earlier as chip shortages continued to disrupt vehicle production and sales, an industry association said Friday. The number of newly registered foreign vehicles fell to 18,810 units last month from 27,436 units a year [...]
SEOUL, Dec. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 13 percent last month from a year earlier amid the global chip shortage. Hyundai and Kia sold a total of 89,663 vehicles in the world’s most important automobile market in November [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea surged 14.4 percent in October from a year earlier as more consumers opened their wallets amid various promotional events and cold weather, the industry ministry said Monday. The combined sales of 25 major offline and online retailers reached 13.6 trillion won (US$11.41 billion) last [...]
SEOUL, Nov. 24 (Korea Bizwire) – Sales of imported commercial vehicles in South Korea fell 26 percent in October from a year earlier amid the extended COVID-19 pandemic, an industry association said Wednesday. The number of newly registered imported commercial vehicles declined to 336 units last month from 452 a year ago, the Korea Automobile [...]
SEOUL, Nov. 23 (Korea Bizwire) — Korean craft beers selling at convenience stores are enjoying a surge in popularity. Three years ago, the convenience store beer market was dominated by imported beers thanks to a hugely popular promotion in which four cans were selling for 10,000 won (US$8.42). Today, the situation has changed with each [...]