SEOUL, Aug. 3 (Korea Bizwire) — South Korean carmakers’ auto sales fell 9.2 percent last month from a year earlier as overseas demand remained weak amid the new coronavirus outbreak, but their domestic sales spiked 10 percent, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM [...]
SEOUL, Aug. 3 (Korea Bizwire) – Sales of mobile games in South Korea soared to a record high in the first half of the year amid the coronavirus pandemic that has confined more people to their homes, industry data showed Monday. Combined sales of three app markets — Google’s Play Store for Android devices, Apple’s [...]
SEJONG, July 31 (Korea Bizwire) — Sales of cigarettes in South Korea rose 3.8 percent on-year in the first half of this year, data showed Friday, thanks to robust sales of traditional cigarettes. South Korean smokers purchased 1.74 billion 20-cigarette packs in the January-June period, compared with 1.67 billion packs in the same period last [...]
SEOUL, July 30 (Korea Bizwire) — Retail sales in South Korea expanded 4.6 percent in June from a year earlier despite the new coronavirus pandemic as more people purchased groceries and home appliances through online platforms, data showed Thursday. The combined sales of 26 major offline and online retailers reached 11.14 trillion won (US$9.32 billion) [...]
SEOUL, July 27 (Korea Bizwire) — Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won (US$923 million) in June, up 9.3 percent from a month earlier, according to the [...]
SEOUL, July 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 12 percent last month from a year earlier on an economic slowdown, an industry association said Friday. The number of newly registered imported commercial vehicles fell to 324 units in June from 366 a year earlier, according to the Korea [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp. — South Korea’s two biggest carmakers — on Thursday reported a sharp drop in their second-quarter earnings as the new coronavirus outbreak drove down overseas demand for their vehicles. But on their home turf, Hyundai and Kia performed well helped by new [...]
SEOUL, July 22 (Korea Bizwire) — South Koreans are increasingly resorting to video-on-demand (VOD) content provided by pay TV operators, industry insiders said Wednesday, as the COVID-19 pandemic has prodded people to stay at home more. According to industry sources, the number of VOD movies sold on LG Uplus Corp.’s pay TV service increased 158 [...]
SEOUL, July 22 (Korea Bizwire) – South Korean automakers saw their sales increase in six member nations of the Association of Southeast Asian Nations (ASEAN) over the past three years helped by strong demand in Vietnam, industry data showed Wednesday. They sold a combined 184,595 vehicles in Thailand, Indonesia, Malaysia, Singapore, Vietnam and the Philippines [...]
SEOUL, July 20 (Korea Bizwire) — The changing patterns of daily life and economic measures that have accompanied the onset of the coronavirus pandemic have resulted in higher sales of cars, home appliances and furniture this year. The Korea Insurance Research Institute reported Sunday that car purchases in April and May were up 20.8 percent [...]