SEOUL, June 18 (Korea Bizwire) — Despite the disruptions to daily life caused by the COVID-19 pandemic crisis, South Koreans’ love of coffee remains unchanged. The nation’s imports of raw coffee beans totaled 52,285 tons in the first four months of this year, up 14.8 percent from a year ago, according to the Korean Customs [...]
SEOUL, June 17 (Korea Bizwire) — Almost all indoor sports facilities in South Korea suffered declines in sales due to COVID-19 and one in 10 reported sales decreases of over 80 percent, a survey showed Thursday. According to the poll of 988 owners of indoor sports facilities nationwide, conducted by civic and industry groups from [...]
SEOUL, June 8 (Korea Bizwire) — McDonald’s celebrity collaboration with K-pop supergroup BTS is sweeping across South Korea. McDonald’s Korea, the South Korean unit of U.S. fast food chain, reported a 283 percent increase in Chicken McNugget sales between May 27 and June 3, compared to four weeks prior to the “BTS meal”s release. The [...]
SEOUL, June 3 (Korea Bizwire) — With more South Koreans getting vaccinated for COVID-19, convenience store chains are seeing a boost in Tylenol sales. 7-Eleven reported a 23.3 percent increase in Tylenol sales last month compared to the previous month. Tylenol sales between May 27 and 30, soon after the introduction of the reservation service [...]
SEOUL, June 3 (Korea Bizwire) — U.S. electric vehicle maker Tesla’s newly released Model Y was the top-selling foreign car model in South Korea last month, beating German luxury brand Mercedes-Benz’s E-Class, industry data showed Thursday. A total of 3,461 Tesla’s vehicles were registered in May, sharply up from 76 in April, thanks to the [...]
SEOUL, June 3 (Korea Bizwire) — Apple Inc. facilitated nearly US$15 billion in billings and sales in South Korea last year, according to a report released by the company Thursday, unveiling the figure for the country for the first time. The report from the U.S.-based Analysis Group found that Apple’s App Store facilitated $14.9 billion [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Thursday their combined U.S. sales jumped 65 percent last month, marking record monthly sales for a third straight month on strong sales of their SUV models. Hyundai and Kia sold a total of 170,315 vehicles in [...]
SEOUL, June 1 (Korea Bizwire) — South Korean carmakers’ sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVID-19 pandemic and a lower base effect, industry data showed Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung [...]
SEOUL, June 1 (Korea Bizwire) — In the midst of the pandemic resulting in a spike in delivery demand, the size of South Korea’s small van market is growing thanks to the increasing ‘livelihood’ demand from small business owners. Sales of small vans totaled 4,373 units in the January to April period of this year, [...]
SEOUL, May 25 (Korea Bizwire) — Sales of medium, large-sized trucks are on the rise as ‘contactless consumption’ has become the new norm following the coronavirus outbreak. Industry sources said that sales of Hyundai Motor Co.’s medium and large-sized trucks between January and April reached 8,730 units, up by 31.2 percent from last year. Truck [...]