SEOUL, Oct. 21 (Korea Bizwire) — October wine sales are expected to surpass imported beer as wine is winning back attention from consumers. Convenience store chain Emart 24 reported that wine sales between Oct. 1-18 ranked fourth highest among liquor sales, surpassing bottled beer despite the Chuseok holiday season during which beer sales are usually [...]
SEOUL, Oct. 20 (Korea Bizwire) — The sales to operating profit ratio of South Korea’s bakeries is falling behind that of coffee shops and fried chicken restaurants. Roughly 18,500 bakeries that produce their own baked goods were operating across the country as of August, according to a report from KB Financial Group, a major South [...]
SEOUL, Oct. 14 (Korea Bizwire) — Bentley Motors Korea said Wednesday its vehicle sales could reach a record high next year, helped by robust sales of its luxury models, despite the new coronavirus pandemic. Bentley Motors Korea said it plans to launch the FlyingSpur V8 luxury sedan and the facelifted Bentayga V8 sport-utility vehicle in [...]
SEOUL, Oct. 7 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 15 percent in September from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 21,839 units last month from 20,204 a year earlier, the Korea Automobile [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ vehicle sales rose 3.4 percent last month from a year earlier as robust domestic demand offset weak overseas sales amid the new coronavirus outbreak, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung [...]
SEOUL, Oct. 5 (Korea Bizwire) — The whisky market in South Korea is struggling as the coronavirus continues to take a toll on outdoor dining and drinking. The Korea Customs Service reported whisky imports totalling 10,440.8 tons between January and August this year, down by 18.5 percent compared to last year. Whisky imports totalled US$74.5 [...]
SEOUL, Oct. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, topped global electric vehicle (EV) battery sales from January to August, a local market research firm said Monday. LG Chem accounted for a 25 percent share of the global EV battery market, in which a total of 64.7 gigawatt-hours (GWh) of [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Group emerged to become the world’s fourth-largest player in terms of global sales of electric vehicles (EVs) over the first seven months of 2020, data showed Sunday. South Korea’s top automotive group saw its combined sales of electric vehicles advance 25 percent on-year to reach 60,707 over [...]
SEOUL, Oct. 1 (Korea Bizwire) — Online ads for unauthorized pharmaceutical sales over the internet have increased substantially in recent years, according to a lawmaker Thursday. The number of reported cases of illegal online ads for prescription drugs reached 37,343 as of 2019, up 49.8 percent from 2016, Rep. Ko Young-in of the ruling Democratic [...]
SEOUL, Sept. 28 (Korea Bizwire) — Sugar sales are on a decline as consumers are becoming more health conscious. The Korea Agro-Fisheries & Food Trade Corp. (aT) reported on Friday that last year’s sugar sales totaled 161.43 billion won, down by 26.6 percent since 2015. In terms of sales proportion, sugar sales shrank from 87.7 [...]