SEOUL, May 22 (Korea Bizwire) — The exotic flavor and exclusivity of traditional Korean liquor have played a crucial role in attracting younger individuals, commonly referred to as Generation MZ. According to industry sources, the sales of traditional liquor at South Korean discount store Lotte Mart Co. experienced a 15 percent increase between January and [...]
SEOUL, May 22 (Korea Bizwire) — After being overshadowed by air-conditioners, electric fans are regaining popularity due to high inflation and increased electricity costs. Sales of electric fans at E-Mart outlets from April to May 17 showed a growth of 34.3 percent compared to the previous year. With their wallets becoming slimmer due to high [...]
SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Group’s sport utility vehicles (SUV) are driving sales in the United States, the “home of SUVs,” and are receiving high praise from both customers and automotive publications. Hyundai Motor Co. and its affiliate Kia Corp. sold 381,606 SUVs in the U.S. market from January to April, up 18.6 [...]
SEOUL, April 27 (Korea Bizwire) — The market for robot vacuum cleaners, including high-end luxury products, is rapidly expanding in South Korea. According to price-comparison service provider Connectwave Co., purchases of robot cleaners from online shopping malls increased by 23.7 percent during the first quarter of this year, a rise of 74 percent from a [...]
SEOUL, April 24 (Korea Bizwire) — The pandemic has boosted the consumption of video content such as films and TV series, and the cars that appear in these videos are gaining popularity. Netflix’s new Korean crime action series “Kill Boksoon” is notable for featuring the main character’s Mercedes-Benz G-Class. The four-wheel-drive vehicle is unique for [...]
SEOUL, April 24 (Korea Bizwire) — The demand for zero-calorie beverages and sugar-free options remains strong in South Korea. Convenience store chain Emart24 reported a 70 percent increase in first-quarter sales of zero-calorie drinks compared to the previous year. Last year, Emart24′s zero-calorie beverage sales grew by 78 percent year-on-year, with an average annual growth [...]
SEOUL, April 17 (Korea Bizwire) — With high inflation putting financial pressure on households, an increasing number of consumers are opting for frozen products, even in the categories of fruits and vegetables. According to South Korean discount retailer E-Mart Inc., the company’s sales of frozen vegetables marked a 22.4 percent growth over the past year [...]
SEOUL, April 12 (Korea Bizwire) — With the price of gold surging in recent days, an increasing number of investors are buying actual gold products. According to industry sources, the value of gold bars sold through the nation’s four major banks during the period from April 1 to 6 stood at about 2.49 billion won [...]
SEOUL, April 10 (Korea Bizwire) — Traditional food once popular only among older generations is gaining popularity among the youth, including “yakgwa,” a deep-fried, wheat-based Korean confection. Yakgwa sales at convenience store chain CU between March 29 and April 5 jumped by 248.3 percent compared to last year. Its sales at GS25 also jumped by [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.3 percent last month from a year earlier due to decreased sales of German cars, an industry association said Wednesday. The number of newly registered foreign vehicles came to 23,840 units last month, down from 24,917 units a year ago, the [...]