SEOUL, Oct. 6 (Korea Bizwire) — Sales of flavored tobacco products that are made by adding flavorings to regular tobacco products to give them a sweet or cool taste are growing at a blistering pace in the domestic market. According to the data that Rep. Choi Hye-young of the ruling Democratic Party received from the [...]
SEOUL, Oct. 5 (Korea Bizwire) — With the production and sales of new cars stagnating due to a global chip shortage, an increasing number of foreign consumers are turning their eyes towards Korean used cars, with the nation’s used car exports and trade volume both showing robust growth. According to the Korea Customs Service and [...]
SEOUL, Oct. 5 (Korea Bizwire) — Sales of high-priced items such as imported bags, jewelry and watches rose last year despite a drop in overall consumption brought on by the COVID-19 pandemic. According to the data that Rep. Suh Byung-soo of the People Power Party received from the National Tax Service and the Korea Customs [...]
SEOUL, Oct. 1 (Korea Bizwire) — Domestic sales of Samsung Electronics Co.’s new foldable smartphones — the Galaxy Z Fold3 and the Galaxy Z Flip3 — are likely to top 1 million units this weekend, industry officials said Friday, as the tech giant tries to popularize the foldable category. The third generation of the Galaxy [...]
SEOUL, Sept. 30 (Korea Bizwire) — An increasing number of consumers are buying pet goods at convenience stores as they are closer and more accessible than exclusive pet shops. Major convenience store chain GS25 saw pet goods sales rise by 44.3 percent between January 1 and September 26 compared to the same period last year. [...]
SEOUL, Sept. 29 (Korea Bizwire) — A growing number of Koreans are buying COVID-19 self-test kits at local convenience stores following the jump in the number of infections over Chuseok holiday. Between Sept. 23 and 27, immediately following Chuseok holiday, sales of COVID-19 test kits at GS25 outlets rose by 48.3 percent compared to the [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.4 percent in August from a year earlier, data showed Wednesday, as people continued to purchase more food and groceries online amid the new wave of the COVID-19 pandemic. The combined sales of 25 major offline and online retailers reached 12.6 trillion [...]
SEOUL, Sept. 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp.’s environment friendly vehicle sales in the United States more than doubled in August compared with a year ago, led by solid demand for their hybrid sport utility vehicles, industry data showed Wednesday. Hyundai and Kia sold a combined 8,312 eco-friendly cars [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean furniture industry is riding high on surging demand for desks, chairs and sofas during a pandemic that has kept millions of families largely stuck at home for nearly a year. But Global furniture giant IKEA’s South Korean unit is suffering stalled growth. IKEA Korea’s revenue for fiscal [...]
SEOUL, Sept. 13 (Korea Bizwire) — With demand for contactless consumption continue to rise along with the spread of COVID-19, carmakers are tapping into home shopping platforms to push for a new sales strategy. Renault Samsung Motors Corp., the South Korean unit of Renault S.A., launched a home shopping program in July to sell the [...]