SEOUL, Dec. 23 (Korea Bizwire) — Hair and nail products that can be used at home are gaining popularity as stricter social distancing measures are being considered following the third wave of the COVID-19 pandemic in South Korea. This new development seems to have been driven by the fact that Level 3 social distancing guidelines [...]
SEOUL, Dec. 22 (Korea Bizwire) — Wine is gaining popularity among South Korean, consumers and has even surpassed beer on the sales charts at a number of major Korean retailers. Liquor sales data from South Korean hypermarket chain Emart Inc. between January and December 13 showed that wine accounted for 27.7 percent of total sales, [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea’s flower industry has struggled following the onset of the COVID-19 pandemic. The Korea Agro-Fisheries and Food Trade Corp. (aT) reported a 10.8 percent decrease in cut flower transactions (16.8 million bundles) at the aT Joint Market for Flowers between January and December this year, compared to the [...]
SEOUL, Dec. 15 (Korea Bizwire) — Sales of excavators by Doosan Infracore Co. in China are expected to reach the highest in a decade this year on strong demand in the world’s No. 2 economy, industry data showed Tuesday. According to the data by the China Construction Machinery Association, Doosan Infracore sold 1,692 units of [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korean companies saw their combined sales inch up in 2019 but their operating profits tumble amid a trade spat between the United States and China, as well as weak demand for semiconductors, government data showed Monday. The combined sales of 752,675 companies reached 4,987 trillion won (US$4.52 trillion) [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 [...]
SEOUL, Dec. 8 (Korea Bizwire) — Sales of South Korea’s transportation industry reached an all-time high in 2019 thanks to a surge in demand for home deliveries, government data showed Tuesday. The transportation sector’s top line stood at nearly 152 trillion won (US$140 billion) last year, up 3.5 percent from the previous year, according to [...]
SEOUL, Dec. 7 (Korea Bizwire) — A growing number of South Koreans have been purchasing household medicines that do not require a doctor’s prescription at convenience stores following the coronavirus outbreak. CU, a convenience store chain run by BGF Retail Co., saw a 17.2 percent increase in sales of household medicines between September and November [...]
SEOUL, Dec. 4 (Korea Bizwire) — Calendar sales at online shopping malls are on the rise as fewer companies are giving out calendars to employees. An online shopping mall Gmarket reported that calendar sales over the last month (from Nov. 2 to Dec. 1) were up 22 percent from the same period last year. Compared to [...]
SEOUL, Dec. 3 (Korea Bizwire) — Online shopping in South Korea grew 20 percent in October from a year earlier as the new coronavirus outbreak prompted people to buy goods via e-commerce platforms, data showed Thursday. The value of online transactions stood at 14.2 trillion won (US$12.9 billion) in October, compared with 11.9 trillion won [...]