SEOUL, June 28 (Korea Bizwire) — South Korean duty-free stores saw their sales rebound slightly in May after dipping below the 1 trillion-won (US$804 million) mark in April amid the new coronavirus pandemic, industry data showed Sunday. Combined sales of local duty-free shops rose 3 percent on-month to reach 1.02 trillion won, rebounding from 986.7 [...]
SEOUL, June 25 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea plunged 33 percent last month from a year earlier on an economic slowdown, an industry association said Thursday. The number of newly registered imported commercial vehicles fell to 306 units in May from 459 a year earlier, according to the Korea [...]
SEOUL, June 23 (Korea Bizwire) — Despite the outbreak of the coronavirus dealing a major blow to the world economy, South Korea’s notebook PC makers reported better-than-expected first-quarter results in the domestic market primarily thanks to the ubiquity of online classes and the increase in telecommuting. Of note, LG Electronics Inc. enjoyed a sharp increase [...]
SEOUL, June 18 (Korea Bizwire) — Doosan Bobcat Inc., a South Korean manufacturer of farm and construction equipment, said Thursday that it has posted robust sales in the North American compact tractor market. Doosan Bobcat sold a total of 1,400 compact tractors in the January-May period in North America and expects to meet its annual [...]
SEOUL, June 15 (Korea Bizwire) — Sales of environmentally friendly vehicles sold by Hyundai Motor Co. and its affiliate Kia Motors Corp. have remained robust this year, data showed on Monday, with the ratio of such vehicles exceeding 7 percent of their total sales. Hyundai and Kia sold a combined 160,082 eco-friendly vehicles in global [...]
SEOUL, June 12 (Korea Bizwire) — Sales of the Nintendo Switch jumped more than 30 percent on-year during the first quarter of this year in South Korea amid the novel coronavirus outbreak, industry data showed Friday. A total of 82,848 units of the video game console made by Japanese gaming firm Nintendo Co. were sold [...]
SEOUL, June 9 (Korea Bizwire) — With the coronavirus pandemic prompting the growing popularity of ‘untact consumption’, the publishing industry is seeing online book sales outstrip offline sales. Kyobo Book Center, the No. 1 online and offline bookstore in South Korea, said Monday that its book sales via mobile and web platforms this year comprised [...]
SEOUL, June 3 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 19 percent in May from a year earlier as strong demand for German vehicles offset weak demand for Japanese ones amid the coronavirus pandemic, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 23,272 units last [...]
SEOUL, June 2 (Korea Bizwire) — South Korean smartphones sales plunged 18 percent in the first quarter from the previous three-month period on the fallout caused by the novel coronavirus outbreak, a market researcher said Monday. According to Counterpoint Research, the domestic mobile phone market, which was expected to post solid growth with the launch [...]
SEOUL, June 1 (Korea Bizwire) — South Korea’s vehicle sales plunged 36 percent last month from a year earlier as the new coronavirus outbreak continued to dent demand for cars amid the coronavirus pandemic, with overseas sales hit particularly hard, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., [...]