SEOUL, Sept. 2 (Korea Bizwire) – South Korean carmakers’ vehicle sales fell 11 percent last month from a year earlier as the new coronavirus outbreak continued to affect consumer sentiment, 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, Aug. 31 (Korea Bizwire) — South Korea’s nonstore retail sales jumped more than 19 percent to a new all-time high in the first half of the year due to the coronavirus outbreak, data showed Monday. Consumer spending through online shopping and other nonstore channels swelled 19.4 percent on-year to 46.2 trillion won (US$39.1 billion) [...]
SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.46 trillion [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics Co. remained the top smartphone vendor in the second quarter of the year despite suffering a sharp decline in sales, a report showed Wednesday. Samsung sold 54.75 million smartphones in the April-June period to take a 18.6 percent market share, according to market researcher Gartner Inc. Its [...]
SEOUL, Aug. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 25 percent last month from a year earlier amid the coronavirus pandemic, an industry association said Wednesday. The number of newly registered imported commercial vehicles fell to 289 units in July from 383 a year earlier, according to the Korea [...]
SEOUL, Aug. 20 (Korea Bizwire) — Sales of instant noodles in South Korea soared to a fresh all-time high in the first half of the year due to the coronavirus outbreak, data showed Thursday. Local shipments of instant noodles, or “ramyeon” in Korean, came to 1.13 trillion won (US$950 million) in the January-June period, up [...]
SEOUL, Aug. 19 (Korea Bizwire) – Online liquor sales are soaring as a growing number of South Koreans are choosing to drink at home following a record-setting monsoon season and surge in new coronavirus cases. Convenience store chain CU reported that pre-ordered wine sales between Aug. 1 and 16 jumped more than fivefold compared to [...]
SEOUL, Aug. 17 (Korea Bizwire) — Hyundai Motor Co.’s premium Genesis overtook Daimler’s Mercedes-Benz as the top-selling luxury brand in the first seven months of this year in South Korea, industry data showed Monday. If the trend continues, Genesis will regain its top spot in local luxury vehicle sales for the first time in four [...]
SEOUL, Aug. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 1.7 percent in July from a year earlier on strong sales of German vehicles, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 19,778 units last month from 19,453 a year earlier, the Korea Automobile Importers [...]
SEOUL, Aug. 5 (Korea Bizwire) — Samsung Electronics Co.’s upcoming foldable smartphone — the Galaxy Z Fold 2 — is expected to sell around 500,000 units this year, larger than its predecessor, a report showed Wednesday. The South Korean tech giant will introduce the latest handset, which folds horizontally like a book, at the Galaxy [...]