SEOUL, Nov. 6 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. ranked fourth in global electrified vehicle sales last year, helped by increased exports, industry data showed Friday. Hyundai and Kia sold a combined 350,000 electrified models in global markets in 2019, up 25 percent from a year earlier, the Korea [...]
SEOUL, Nov. 5 (Korea Bizwire) — Plunging milk consumption rebounded in the first half of this year. The Korea Agro-Fisheries and Food Trade Corp. reported Wednesday that retail sales of white milk totaled 822.4 billion won (US$729 million) in the first half of the year, increasing by 3.3 percent compared to last year. Seoul Dairy [...]
SEOUL, Nov. 4 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 9.8 percent in October 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 24,257 units last month from 22,101 a year earlier despite the COVID-19 [...]
SEOUL, Nov. 2 (Korea Bizwire) — The South Korean candy market has surpassed the size of the chewing gum market by a factor of three this year. The Korea Agro-Fisheries and Food Trade Corp. (aT) reported that South Korea’s candy market was worth 724 billion won (US$638 million) as of September, surpassing the size of the chewing [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korean carmakers’ sales fell 1 percent last month from a year earlier as the coronavirus outbreak continued to affect the automobile industry, 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 [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Friday it has sold over 10,000 Nexo hydrogen fuel cell electric vehicles in the domestic market since its launch in early 2018. Hyundai began to sell the Nexo hydrogen model in the local market in March 2018 as it aimed to take the leadership position [...]
SEOUL, Oct. 30 (Korea Bizwire) — Statistics from several online retail stores have revealed that consumers spend more on pet care products than other goods. Market Kurly, an online grocery delivery platform, said Thursday the average value of each order for pet care items between January and October 26 was 36 percent higher than the [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 26 percent last month from a year earlier on robust sales of Scania and Iveco trucks, an industry association said Monday. The number of newly registered imported commercial vehicles rose to 383 units in September from 304 a year ago, [...]
SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea saw its sales of luxury imported cars rise sharply over the first nine months of the year despite the new coronavirus pandemic straining the economy, data showed Sunday. The combined sales of imported automobiles with a price tag of more than 100 million won (US$88,600) surpassed 30,000 [...]