SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.2 percent in June from a year earlier amid the extended COVID-19 pandemic, an industry association said Monday. The number of newly registered foreign vehicles fell to 26,191 units last month from 27,350 a year ago as the prolonged pandemic weighs [...]
SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle sales in South Korea jumped nearly 40 percent in the first half of this year compared with a year earlier on strong demand for hybrid models and new electric vehicles, its sales data showed Sunday. The combined domestic sales of eco-friendly models by the [...]
SEOUL, July 1 (Korea Bizwire) — South Korean carmakers’ sales rose 15 percent last month from a year earlier as overseas demand remained steadfast despite the extended COVID-19 pandemic, industry data showed Thursday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, July 1 (Korea Bizwire) — Online car sales and sales of eco-friendly cars have been bright spots in the used car market this year. K Car, a major secondhand car seller, picked three keywords to describe used car sales between January and June: e-commerce, seniors, and green. The company reported that online car sales [...]
SEOUL, June 29 (Korea Bizwire) — Carbonated drinks are gaining popularity after the coronavirus led to an increase in demand for home delivery. The state-run Korea Agro-Fisheries and Food Trade Corp. and market researcher Euromonitor reported a 4.7 percent increase in the size of South Korea’s market for soft drinks last year, reaching 1.27 billion [...]
SEOUL, June 27 (Korea Bizwire) – U.S. automakers overtook Japanese brands to take the No. 2 spot in the imported car market in South Korea last year, a report showed Sunday, taking advantage of local consumers’ boycott of Japanese products over trade and wartime legacy disputes. A total of 46,000 cars from U.S. automakers were [...]
SEOUL, June 27 (Korea Bizwire) — Cumulative electric vehicle (EV) sales in Europe from South Korea’s two largest automakers — Hyundai Motor Co. and Kia Corp. — have surpassed 200,000 units, company data showed Sunday. Hyundai and Kia, both under Hyundai Motor Group, had sold a combined 227,919 EVs in the European auto market as [...]
SEOUL, June 27 (Korea Bizwire) — Retail sales in South Korea moved up 12.9 percent in May from a year earlier, data showed Sunday, as more consumers visited offline shops amid the country’s aggressive inoculation program. The combined sales of 25 major offline and online retailers reached 13.1 trillion won (US$11.6 billion) last month, up [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s leading carmaker Hyundai Motor Co. emerged as the top auto seller in Vietnam in the first five months of this year, outpacing its Japanese rival Toyota Motor Corp., industry data showed Thursday. Hyundai Motor sold 24,420 units in the Southeast Asian nation in the January-May period, edging [...]
SEOUL, June 23 (Korea Bizwire) — In a sign of growing demand for artworks, a major auction house based in Seoul saw sales from a recent bidding reach a fresh high since the 2008 global financial crisis. Seoul Auction sold artworks worth 24.3 billion won (US$21.4 million) in the latest bidding held Tuesday, with 87 [...]