SEOUL, Sept. 13 (Korea Bizwire) — Sales of high-end imported cars spiked nearly 66 percent in the first eight months of the year amid the popularity of big-ticket eco-friendly models among local motorists and a post-lockdown shopping spree, industry data showed Monday. A total of 45,042 imported vehicles with price tags of 100 million won [...]
SEOUL, Sept. 12 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Co., sold more than 100,000 sport utility vehicles (SUV) globally in just 1 1/2 years since its SUV market debut, thanks to brisk sales at home and in North America, data showed Sunday. Genesis’ SUV sales totaled 107,700 units from the [...]
SEOUL, Sept. 10 (Korea Bizwire) — Pizza is being ruled out from what was once heated competition with fried chicken over late-night snacks and delivery food. Cheong-o DPK Co., which runs South Korea’s top pizza franchise Domino’s Pizza, reported total sales of 232.8 billion won (US$199.3 million) last year, up 114.2 percent since 2010 (108.7 [...]
SEOUL, Sept. 7 (Korea Bizwire) — With Hyundai Motor Co. and affiliate Kia Corp.’s sedan sales plunging to a new low, South Korea’s automobile market is now being driven by SUV sales. Data from the month of August showed that sedan and hatchback sales accounted for a mere 33.9 percent (31,179 vehicles) of all car [...]
SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 1 percent in August from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered foreign vehicles rose to 22,116 units last month from 21,894 a year ago, the Korea Automobile Importers & [...]
SEOUL, Sept. 2 (Korea Bizwire) — Online shopping sites are seeing rising demand for horticultural goods as an increasing number of people are developing kitchen gardens and weekend farms. Online shopping mall Auction reported a 27 percent increase in sales of sickles, hoes, drying stands, and other horticultural goods between July 26 and August 25 [...]
SEOUL, Aug. 31 (Korea Bizwire) — A growing number of South Korean households are introducing home karaoke systems with the pandemic preventing them from going to noraebang (karaoke) facility that have long been a popular source of entertainment. SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, reported a 33 percent increase in [...]
SEOUL, Aug. 30 (Korea Bizwire) — Aggregate wine sales at major convenience store chains this year thus far have already surpassed last year’s records. GS25 reported that its wine sales this year as of August 26 had already exceeded last year’s total by 4.7 percent. CU reported that its sales were already 16.4 percent higher [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s bottled mineral water market is enjoying a boom thanks to an increase in household demand on the back of the prolonged ‘stay-at-home’ trend resulting from the COVID-19 pandemic. The first half sales of Jeju Samdasoo, a brand of mineral water produced by Jeju Province Development Corp. (JPDC), [...]
SEOUL, Aug. 27 (Korea Bizwire) — Imported plug-in hybrid vehicles (PHEVs) are seeing a major sales boost this year as they are becoming more affordable or even less costly than vehicles with internal combustion engines. Getcha, a local data provider of new car releases, reported that BMW’s 530e sedan, this year’s best-selling PHEV model with [...]