SEOUL, March 12 (Korea Bizwire) — South Korean excavator manufacturers are enjoying brisk sales in China and emerging markets this year on China’s pump-priming policy to cope with the coronavirus pandemic and increased prices of raw materials. Doosan Infracore Co. sold 1,754 units in China in February, rising more than three times from a year [...]
SEOUL, March 10 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Wednesday they are targeting a 23 percent on-year gain in China sales this year. Hyundai and Kia aim to sell a combined 817,000 vehicles in China in 2021, up from 664,744 units a year earlier, a Hyundai spokesman said. To help [...]
SEOUL, March 9 (Korea Bizwire) — South Korean department store chains saw their sales exceed pre-coronavirus levels last weekend. The warm weather of spring, coupled with ongoing vaccinations, is seen to have burst the urge for consumption withheld for the last 12 months. On the weekend of March 5-7, Hyundai Department Store saw a 109.8 [...]
SEOUL, March 4 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 33 percent in February from a year earlier on robust sales of German cars, an industry association said Thursday. The number of newly registered foreign vehicles climbed to 22,290 units last month from 16,725 a year ago despite the COVID-19 pandemic, [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]
SEOUL, March 2 (Korea Bizwire) — South Korean carmakers’ sales rose 4.8 percent last month from a year earlier helped by strong demand for SUVs amid the COVID-19 pandemic, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, Feb. 28 (Korea Bizwire) — Hyundai Motor Co.’s preorders of its IONIQ 5 all-electric model in Europe showed a solid start, with the carmaker selling 3,000 units in advance orders. According to Hyundai’s affiliates in Europe, about 10,000 people applied to buy the electric car in preorders for the IONIQ 5, the first model [...]
SEOUL, Feb. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea rose 15 percent in January from a year earlier on improved demand despite the coronavirus pandemic, an industry association said Friday. The number of newly registered imported commercial vehicles rose to 436 units last month from 379 a year earlier, the [...]
SEOUL, Feb. 25 (Korea Bizwire) — Retail sales in South Korea rose 6 percent in January from a year earlier as more consumers purchased daily necessities from online stores, with the demand for gift items ahead of the Lunar New Year’s holiday also bolstering the sales, data showed Thursday. The combined sales of 26 major [...]
SEOUL, Feb. 22 (Korea Bizwire) — Major South Korean drug and biopharmaceutical companies saw their sales surge in 2020 from a year earlier despite the coronavirus pandemic, industry sources said Monday. Eleven local pharmaceutical companies in Asia’s fourth-largest economy, including Green Cross Corp. and biopharmaceutical behemoth Celltrion Inc., registered sales of more than 1 trillion [...]