SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co.’s new Grandeur sedan is likely to see its sales top 100,000 units this month, eight months after its launch in the domestic market, industry sources said Sunday. Hyundai Motor launched the face-lifted Grandeur in November last year and aimed to sell 110,000 units in the domestic [...]
SEOUL, July 10 (Korea Bizwire) — An increasing number of South Korea women are bulking up to stay healthy rather than striving to have a slim shape. Gmarket, an online shopping mall run by eBay Korea, announced on Thursday that sales of muscle-building equipment purchased by female customers in the one-month period starting on June [...]
SEOUL, July 6 (Korea Bizwire) — Amid the COVID-19 pandemic continuing to hamper the global music and entertainment industry-at-large, the K-pop scene has proven time and time again its resilience and nimbleness in audience outreach and commercial viability. BTS is estimated to have earned nearly US$20 million through its one-off virtual concert, “Bang Bang Con: [...]
SEOUL, July 3 (Korea Bizwire) – Tesla Motors Inc. said Friday it posted explosive sales growth in South Korea this year on the back of growing appetite for electric vehicles and fat subsidies. Tesla sold a total of 7,079 vehicles in the Korean imported passenger car market from January to June, a whopping increase from [...]
SEOUL, July 3 (Korea Bizwire) — The ‘No Japan’ boycott movement against Japanese products that broke out last July after Japan imposed export restrictions on South Korea has had a serious impact on last year’s imported beer market. The Korea Agro-Fisheries & Food Trade Corp. reported Thursday that the retail market for beer in the [...]
SEOUL, July 3 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 41 percent in June from a year earlier on tax cuts and new models, an industry association said Friday. The number of newly registered foreign vehicles rose to 27,350 units last month from 19,386 a year earlier, the Korea Automobile Importers [...]
SEOUL, July 2 (Korea Bizwire) — This year’s air conditioning market is seeing new trends emerge as air circulators are outstripping electric fans in sales, and movable or window air conditioners are gaining popularity. E-Mart Inc., South Korea’s largest discount store chain by sales, announced Wednesday that total air conditioner sales from June 1 to [...]
SEOUL, July 1 (Korea Bizwire) — South Korea’s vehicle sales fell 22 percent in the January-June period from a year earlier, as the new coronavirus outbreak continued to affect the automobile industry, industry data showed Wednesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors [...]
SEOUL, June 30 (Korea Bizwire) — Wine sales at convenience stores are growing at a robust pace in South Korea primarily thanks to strong demand from female customers in their 30s and 40s. According to the convenience store chain 7-Eleven on Sunday, wine sales at its convenience stores so far this year were 32.3 percent [...]
SEOUL, June 29 (Korea Bizwire) — Retail sales in South Korea increased 2 percent in May from a year earlier as people purchased more sanitary items and foodstuffs through online platforms in the face of the new coronavirus pandemic, data showed Monday. The combined sales of 26 major offline and online retailers reached 11.63 trillion [...]