SEOUL, Jan. 29 (Korea Bizwire) — Sales of cigarettes in South Korea rose 4.1 percent on-year last year as smokers’ purchases via duty-free channels were thwarted amid the pandemic, the finance ministry said Friday. South Korean smokers purchased 3.59 billion 20-cigarette packs last year, compared with 3.45 billion packs the previous year, according to the [...]
SEOUL, Jan. 27 (Korea Bizwire) — As the coronavirus pandemic continues to drag on, more consumers are picking up musical instruments as a new hobby. Gmarket, an online shopping mall, reported a 44 percent increase in guitar sales between Dec. 25-Jan. 24 compared to last year’s records. Acoustic guitar sales have more than doubled, and [...]
SEOUL, Jan. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 6.9 percent in 2020 from a year earlier on lower demand amid the coronavirus pandemic, an industry association said Tuesday. The number of newly registered imported commercial vehicles fell to 4,482 units last year from 4,812 a year ago, the [...]
SEOUL, Jan. 25 (Korea Bizwire) — Sales of Samsung Electronics Co’s new smartphone line, the Galaxy S21, are expected to reach 2.4 million units this year in South Korea, a report showed Monday, as the tech giant tries to expand its presence against Apple Inc.’s iPhone 12. Galaxy S21 sales are estimated to be 40 [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. slumped in their three major markets last year amid the coronavirus pandemic, company data showed Sunday. Hyundai and Kia, South Korea’s two biggest carmakers, saw their sales slump in the United States, Europe and China in 2020 as the COVID-19 pandemic affected [...]
SEOUL, Jan. 20 (Korea Bizwire) — U.S. e-commerce operator eBay Inc. said Wednesday it is looking for a potential buyer for its South Korean unit, which could change the landscape of the local online commerce market if a big deal is made. EBay is the No. 2 e-commerce player in the U.S. with about 11 [...]
SEOUL, Jan. 18 (Korea Bizwire) — The growing number of delivery bikers prompted by stricter social distancing measures is leading to higher demand for delivery bags and other delivery necessities. Gmarket, a major online shopping mall, reported a 168 percent increase in delivery bag sales between December and January. Over the same period, sales of [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s top construction equipment maker Doosan Infracore Co. said Monday that the number of its construction equipment sold here rose 18 percent last year from a year ago on increased demand. “Despite the coronavirus pandemic, demand for high-end excavators increased last year here on the back of enhanced [...]
SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Group’s environment-friendly vehicle sales in the global market jumped 36 percent to over 500,000 units in 2020 from a year earlier, industry data showed Sunday. Hyundai Motor Co., South Korea’s top automaker, and its affiliate Kia Motors Corp. sold a total of 501,487 units of eco-friendly models, [...]
SEOUL, Jan. 17 (Korea Bizwire) — Sport utility vehicles (SUVs) sold by South Korean automakers sharply rose to exceed 600,000 units for the first time in 2020 on the back of the rising popularity of car camping and new lineups, industry data showed Sunday. Five companies — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]