SEOUL, July 28 (Korea Bizwire) — An increasing number of South Korean men are buying shorts to help cope with the summer heat, as they are both staying at home and working long hours there following the recent surge in COVID-19 cases. Samsung C&T Corp.’s contemporary fashion brand ‘Theory’ reported an 86 percent increase in [...]
SEOUL, July 26 (Korea Bizwire) — Convenience stores have begun offering discounts for wine and liquor with the start of the Tokyo Olympics. Unlike in the past, customers have recently begun looking for alcoholic drinks other than beer. E-Mart24 Inc. reported a 46 percent increase in beer sales on Thursday when the South Korean men’s [...]
SEOUL, July 26 (Korea Bizwire) — South Korean units of three foreign carmakers suffered the worst sales slump since 1998 in the first half of this year in the face of toughening competition with their Korean rivals and luxury German brands, industry data showed Monday. The Korean units of GM Korea Co., Renault Samsung Motors [...]
SEOUL, July 23 (Korea Bizwire) — Sales of summer appliances, including air conditioners and fans, are soaring in South Korea, industry sources said Friday, as the sweltering heat continues to scorch the country. With the daily temperature reaching as high as 38 C in some regions, demand for air conditioners and other cooling appliances is [...]
SEOUL, July 23 (Korea Bizwire) — With a sweltering summer heat wave dragging on in South Korea, hats with wide brims that can help block the scorching sunshine are enjoying rising popularity. At online shopping mall Gmarket, sales of sedge and straw hats with wide brims rose by 19 percent during the past month starting [...]
SEOUL, July 22 (Korea Bizwire) — With the summer heat sweeping across Korea more than 10 days earlier than last year, convenience stores are seeing demand for ice cube cups soar. Convenience store chain CU reported that ice sales between July 14 and 20, including ice cups and ice bags, jumped by a factor of [...]
SEOUL, July 21 (Korea Bizwire) — Sales of major high-growth unlisted companies in South Korea have risen more than four times over the past three years with online distributors and bio firms posting explosive growth, a corporate tracker said Wednesday. The combined top line of the country’s top 100 unlisted companies came to 20.4 trillion [...]
SEOUL, July 7 (Korea Bizwire) — Convenience stores are seeing a boost in sauce and seasoning sales as more consumers have been shopping at nearby convenience stores rather than grocery stores following the coronavirus outbreak. Convenience store chain CU reported a 27.2 percent on year increase in sauce and seasoning sales, with sales of sauces [...]
SEOUL, July 6 (Korea Bizwire) — Hyundai Motor Co. said Tuesday its independent brand Genesis’ domestic vehicle sales jumped 33 percent in the first half compared to a year earlier amid tougher competition with imported brands and the COVID-19 pandemic. Hyundai sold 72,710 Genesis vehicles from January to June, up from 48,886 units a year [...]
SEOUL, July 6 (Korea Bizwire) — High-protein foods, which were once regarded as fuel for health nuts trying to build muscle, are now gaining popularity even among ordinary people. Maeil Dairies Co., a major Korean dairy company, saw sales of its high-protein soy milk released in May surpass the 1 million unit milestone after only [...]