SEOUL, Aug. 10 (Korea Bizwire) — Nexon Co. dominates the South Korean gaming market in the second quarter, surpassing other major developers such as Netmarble Corp. and NCSOFT Corp. According to the financial reports of major listed game developers for the second quarter, Nexon was the sole company to exceed its operating profit from the [...]
SEOUL, Aug. 10 (Korea Bizwire) — With the revival of the concert and live entertainment industry after the lifting of COVID-19 restrictions, credit card sales in the concert category have experienced significant growth. KB Kookmin Card conducted an analysis of credit and debit card transactions for online tickets, revealing that online sales of tickets for [...]
SEOUL, Aug. 4 (Korea Bizwire) — Parasols, once a symbol associated mainly with middle-aged women, are spreading across the country with the unprecedented heat wave. Parasol sales at boutiques in Hyundai Department Store between July 25 and 31 surged by 107 percent compared to last year. Lotte Department Store also experienced a 45 percent increase [...]
SEOUL, Aug. 3 (Korea Bizwire) – Imported vehicle sales in South Korea fell 1.3 percent last month from a year earlier due to the end of tax cuts and lack of supplies in some brands, an industry association said Thursday. The number of newly registered imported cars came to 21,138 units in July, down from [...]
SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in the United States rose 12 percent in July from a year earlier, helped by robust sales of SUVs and electric vehicles. Hyundai and Kia sold a total of 143,787 vehicles in the U.S. last [...]
SEOUL, Aug. 1 (Korea Bizwire) — An increasing number of consumers are showing a preference for packaged traditional chicken soup, or “samgyetang,” an iconic summer dish in South Korea. According to CJ Cheiljedang Corp., sales of Bibigo Samgyetang from July 1 to 25 tripled compared to the same period in April and May. In the first [...]
SEOUL, July 28 (Korea Bizwire) — Sales of cigarettes in South Korea moved down 0.6 percent on-year in the January-June period, data showed Friday. South Korean smokers purchased 1.77 billion 20-cigarette packs in the first half, falling from 17.8 billion packs posted a year earlier, according to the Ministry of Economy and Finance. Heat-not-burn tobacco [...]
SEOUL, July 27 (Korea Bizwire) – Convenience stores are experiencing a surge in demand for COVID-19 test kits as South Korea reports a recent rise in new coronavirus cases. According to convenience store chain CU, sales of COVID-19 self-test kits between July 18 and 24 jumped by 34.8 percent compared to the previous week (July [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp.’s electric vehicle (EV) sales rose 5.9 percent in the United States during the January-June period from a year earlier amid accelerating electrification, an industry association said Sunday. Hyundai and Kia sold a combined 46,826 EV models in the first half [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in Europe rose 3.3 percent in the January-June period from a year earlier, helped by robust sales of their SUV models. Hyundai and Kia sold a total of 575,432 vehicles in Europe in the first [...]