SEOUL, April 26 (Korea Bizwire) — Samsung Electronics Co. said Monday sales of 2021 QLED TV models have topped 10,000 units in South Korea less than two months since its release as the company expects more premium TV sales amid the pandemic-induced stay-at-home trend. The world’s largest TV maker said new QLED TVs, launched on [...]
SEOUL, April 20 (Korea Bizwire) — Fashion brands are seeing sales growth despite the outbreak of the coronavirus last year thanks to so-called ‘athleisure’ clothing, a term that combines the word ‘athletic’ and ‘leisure’. The Financial Supervisory Service reported that Brand X Corp.’s sales last year were 139.7 billion won (US$125.6 million), twice as high [...]
SEOUL, April 20 (Korea Bizwire) — Exotic foreign sauces are rapidly gaining popularity among South Koreans online. E-commerce grocer Market Kurly reported a 107 percent increase in sauce sales between January 1 and April 15 compared to the same period last year. Rosé sauce, in particular, saw sales jump by 389 percent, largely led by [...]
SEOUL, April 19 (Korea Bizwire) — Sales of pickup trucks in South Korea tumbled more than 34 percent in the first quarter of the year amid sluggish demand, industry data showed Monday. A total of 5,539 pickup trucks were sold in Asia’s fourth-largest economy in the January-March period, down 34.4 percent from a year earlier. [...]
SEOUL, April 15 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc.’s sales in South Korea nearly quadrupled last year from a year earlier on rising popularity of its vehicles, its financial statement showed Thursday. Tesla Korea said in a regulatory filing that it logged 716.2 billion won (US$640 million) in sales in the Korean [...]
SEOUL, April 14 (Korea Bizwire) — Sales of South Korea’s major fried chicken franchises jumped in 2020 as people resorted more to food delivery amid the coronavirus outbreak, industry data showed Wednesday. Kyochon, the biggest franchise, saw its top line surging 17.8 percent on-year to 447.6 billion won (US$398 million) last year, and sales of [...]
SEOUL, April 14 (Korea Bizwire) — Liquor companies in South Korea performed poorly in 2020 as people consumed less alcohol due to the coronavirus outbreak, data showed Wednesday. Lotte Chilsung Beverage Co., a major maker of beer and soju, a Korean distilled liquor, saw its sales shrink 7.7 percent on-year to 2.16 trillion won (US$1.92 [...]
SEOUL, April 8 (Korea Bizwire) — Expensive luxury brands are racking up strong sales despite the coronavirus outbreak. Consumers, denied oversea travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation Z) in particular. The Financial Supervisory Service reported that Christian Dior Couture Korea Co., the South [...]
SEOUL, April 7 (Korea Bizwire) — After years of decline, sales of light commercial vehicles are rebounding this year. Hyundai Motor Co. and its affiliate Kia Corp. saw their combined sales of commercial vehicles reach 56,870 units in the first quarter of this year, up 9.1 percent from 52,127 units a year ago. Of the [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 34 percent in March from a year earlier on robust sales of German cars, an industry association said Monday. The number of newly registered foreign vehicles climbed to 27,297 units last month from 20,304 a year ago despite the COVID-19 pandemic, [...]