SEOUL, Jan. 12 (Korea Bizwire) — Furniture sales last year exceeded 10 trillion won (US$9 billion) as a result of the coronavirus pandemic forcing people to spend more time indoors and a growing interest in interior design. Statistics Korea and furniture makers reported retail sales of 9.24 trillion won between January and November of last [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s environment-friendly vehicle sales jumped 54 percent to exceed 200,000 units in 2020 from a year earlier on subsidies and an improvement of charging infrastructure, industry data showed Tuesday. Carmakers sold a total of 213,264 eco-friendly models last year, up from 138,957 units the previous year, according to [...]
SEOUL, Jan. 12 (Korea Bizwire) — Despite ongoing frigid winter temperatures, South Korea’s convenience stores are seeing ice sales rise. Convenience store chain E-Mart 24 said that the sales of ice bags for the period from Jan. 1 to 7 marked a robust year to year growth of 89 percent, while those of ice cups [...]
SEOUL, Jan. 11 (Korea Bizwire) – Iced coffee is gaining unexpected popularity in South Korea despite the cold winter weather. The ratio of hot and cold drink sales at Starbucks Korea December last year was 5 to 5, deviating from a 6:4 ratio in 2019. With stricter social distancing measures in place that limit consumers [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s top construction equipment maker Doosan Infracore Co. said Monday that its excavator sales in China rose 22 percent last year from a year earlier on the back of infrastructure investment expansion by the Chinese government. Doosan Infracore sold 18,686 excavators in the country last year, compared with [...]
SEOUL, Jan. 8 (Korea Bizwire) — A growing number of South Koreans are purchasing sleds to ride with their children on steep hills near residential areas as the coronavirus has shut down ski resorts and other winter sport facilities. Sled sales at Lotte Mart between December 21 and Wednesday of this week were 524 percent [...]
SEOUL, Jan. 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 4.5 percent last December from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles climbed to 31,419 units last month from 30,072 a year earlier despite the COVID-19 [...]
SEOUL, Jan. 5 (Korea Bizwire) — With the atmosphere of New Year’s celebrations being toned down due to the spread of COVID-19, the number of consumers buying alcohol and daily necessities at convenience stores rather than writing materials for New Year’s resolutions increased. Convenience store chain E-Mart 24 analyzed sales trends for the Jan. 1-3 [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean carmakers’ sales fell 5 percent last month from a year earlier as the COVID-19 pandemic continued to weigh on demand, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s web comic industry logged 640 billion won (US$577 million) in sales last year, up 37.3 percent from the previous year, a report showed Wednesday. The Korea Creative Content Agency (KOCCA) report found that the country’s web comic industry experienced a boom last year thanks to increased paid [...]