SEOUL, April 19 (Korea Bizwire) — Sales of Samsung Electronics Co.’s latest flagship series Galaxy S20 are hovering below those of its predecessor as the global new coronavirus pandemic has led to a slump in demand for consumer products, industry sources said Sunday. The local sales of the Galaxy S20 series, which comes in three [...]
SEOUL, April 17 (Korea Bizwire) — In recent months, the air purifier industry has struggled as sales have plummeted as unprecedented clear weather continues. Fine dust, which was an uninvited guest in spring, has become an afterthought as factories around the world – and most importantly, those in China – have stopped operating. In the [...]
SEOUL, April 3 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 12 percent in March from a year earlier, while Japanese brands continued to struggle with weaker demand due to trade tensions with Seoul, an industry association said Friday. The number of newly registered foreign vehicles rose to 20,304 units last month [...]
SEOUL, March 27 (Korea Bizwire) — Sales at South Korean duty-free stores nearly halved in February from a month earlier, hit hard by the spread of the new coronavirus, industry data showed Friday. Combined sales of local duty-free shops came to 1.1 trillion won (US$910 million) last month, down 45.5 percent from January, according to [...]
SEOUL, March 17 (Korea Bizwire) — South Korean carmakers are likely to post poor earnings results for the first quarter due to the escalating fallout from the coronavirus pandemic, analysts said Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, March 12 (Korea Bizwire) — Sales of Lotto tickets in South Korea hit an all-time high in 2019 on their increased availability amid an economic slowdown, data showed Thursday. Total Lotto sales were tallied at 4.3 trillion won (US$3.6 billion) last year, up 8.8 percent from the prior year, according to the data from [...]
SEOUL, March 10 (Korea Bizwire) — Sales of sport utility vehicles (SUVs) and gasoline-powered vehicles posted solid growth in South Korea last year, industry data showed Tuesday, although the country’s auto market contracted for the second consecutive year. Nearly 1.8 million vehicles were registered in South Korea last year, down 1.8 percent from a year [...]
SEOUL, March 10 (Korea Bizwire) — Wine sales have risen in South Korea following the coronavirus outbreak. Shinsegae Department Store reported Monday that wine sales between Feb. 11-29 rose by 5.2 percent compared to last year. Experts argue that the ‘social distancing’ that has developed since the start of the coronavirus outbreak and the increasing [...]
SEOUL, March 4 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 5.3 percent in February from a year earlier, while Japanese brands continued their struggle in the face of weaker demand amid trade tensions with Seoul, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 16,725 units [...]
SEOUL, March 4 (Korea Bizwire) — Nearly two-thirds of foreign firms in South Korea expect their sales to drop due to the spread of the novel coronavirus, a poll showed Wednesday. The survey of 150 foreign-invested corporations showed 67.3 percent of the respondents anticipating a decline in their shipments due to the fast-spreading epidemic. The [...]