SEOUL, Aug. 27 (Korea Bizwire) — Samsung Electronics Co.’s new foldable smartphones are garnering major success in India following a successful launch in South Korea as customers are rushing to place pre-orders. Samsung’s Indian branch reported that pre-orders for third-generation foldable devices — the Galaxy Z Fold3 and the Galaxy Z Flip3 — on the [...]
SEOUL, Aug. 26 (Korea Bizwire) — Kia Corp.’s fourth-generation Carnival minivan continues to dominate South Korean market 12 months after its release. The country’s second-biggest carmaker sold 46,294 all-new Carnivals in the first half of this year, topping the sales charts in the minivan market. Ever since its release in August last year, rising demand [...]
SEOUL, Aug. 17 (Korea Bizwire) – As the fourth wave of the coronavirus pandemic continues to sweep across the country, demand for tableware has been on the rise over the past 30 days as a growing number of individuals are trying to cut back on disposable materials as they eat at home. Online shopping mall [...]
SEOUL, Aug. 17 (Korea Bizwire) — With the coronavirus pandemic continuing to rage on, more people are visiting the mountains to escape being confined indoors, which has resulted in surging sales of hiking gear. Major online shopping site Gmarket reported a 25 percent increase in hiking boot sales in the first half of this year. [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korean drugmaker Samsung Bioepis Co. said Friday that global sales of its five biosimilar products jumped 30 percent on-year during the first half of the year. Combined sales of the five biosimilars — Infliximab, Etanercept, Adalimumab, Trastuzumab, Bevacizumab — came to US$166 million in the January-June period, compared [...]
SEOUL, Aug. 10 (Korea Bizwire) — Sales of department stores in South Korea grew at the fastest-ever clip in the second quarter of the year amid the coronavirus pandemic, data showed Tuesday. Local department stores saw their sales in terms of constant prices soar 20.3 percent on-year in the April-June period, according to the data [...]
SEOUL, Aug. 6 (Korea Bizwire) — Rising interest in pets is leading to a growing popularity of books on cats. Yes24, a leading online bookstore, reported a 2.7 times increase in the number of books on cats, going from 60 books in 2010 to 160 in 2020. This year, there have been 111 new publications [...]
SEOUL, Aug. 5 (Korea Bizwire) — So-called ‘revenge spending’ following the coronavirus outbreak has been a boon to sellers of luxury watches. Lotte Department Store reported a 46 percent increase in luxury watch sales early this year, more than doubling from last year’s sales increase rate (18 percent). Hyundai Department Store reported a 40.3 percent [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korean carmakers’ sales fell slightly last month from a year earlier as a global chip shortage and the extended COVID-19 pandemic affected their 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. [...]
SEOUL, Aug. 2 (Korea Bizwire) — Department stores and shopping malls are seeing a sales recovery following this year’s so-called ‘revenge spending’ trend, but local supermarkets are still struggling to stay afloat. The Korea Small Business Institute (KOSBI) and Statistics Korea reported 43.8 trillion won (US$38.1 billion) in retail sales in May, with department store [...]