SEOUL, Dec. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 7.5 percent in November from a year earlier due to strong demand for German cars, an industry association said Thursday. The number of newly registered foreign vehicles climbed to 27,436 units last month from 25,514 a year earlier despite the COVID-19 [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 5 percent last month from a year earlier as the coronavirus outbreak continued to sap demand around the globe, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and [...]
SEOUL, Dec. 1 (Korea Bizwire) — Thanks to the increase in the number of campers resulting from the spread of the COVID-19 pandemic, small-sized oil heaters are regaining popularity in South Korea. Electric heating appliances are inconvenient to use since they require an electrical hook up at the camp site or must be connected to [...]
SEOUL, Nov. 30 (Korea Bizwire) — Apple Inc.’s iPhone 12 models have drawn a keen response in South Korea, with sales of the newest models estimated to be some 600,000 here since their launch late last month, industry sources said Monday, almost on par with the feat of Samsung Electronics Co.’s flagship models. The country’s [...]
SEOUL, Nov. 27 (Korea Bizwire) — Sales of Neoguri instant noodles, which gained international fame thanks to Bong Joon-ho’s Oscar-winning movie “Parasite,” surged to hit the 100 billion won (US$90 million) milestone in the first 10 months of the year, announced Nongshim Co. on Thursday. Nongshim attributes the popularity of the noodles to the global craze [...]
SEOUL, Nov. 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 21 percent last month from a year earlier on robust sales of Scania and Mercedes-Benz trucks, an industry association said Tuesday. The number of newly registered imported commercial vehicles rose to 474 units in October from 392 a year ago, [...]
SEOUL, Nov. 20 (Korea Bizwire) — The shipment of 5G smartphones in South Korea is projected to top 10 million units this year, a report showed Friday, with a sharp sales increase expected in the current quarter. Sales of smartphones supporting 5G networks here are estimated to reach 10.3 million units this year, more than [...]
SEOUL, Nov. 16 (Korea Bizwire) — Samsung Electronics Co. said Monday its dishwasher sales this year have topped 1 million units amid the pandemic-driven stay-at-home trend. The South Korean tech giant said global sales of its dishwashers surpassed 1 million units as of the second week of November, with strong performances reported in the United [...]
GAPYEONG, Nov. 11 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of Renault S.A., will focus on promoting SUV models to revive sales amid the coronavirus pandemic, the company’s country manager said Wednesday. Renault Samsung has suffered a sharp decline in sales this year in Asia’s fourth-biggest economy due to lack of [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s market for processed meat products, such as sausages, has been growing steadily in recent years amid rising demand from single-member households, data showed Tuesday. The country’s processed meat market was estimated at 5.6 trillion won (US$5 billion) in 2018, up 2.4 percent from the previous year, according [...]