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COVID-19 Paradox: S. Koreans Staying Home, but Air Purifier Sales in Freefall

COVID-19 Paradox: S. Koreans Staying Home, but Air Purifier Sales in Freefall

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 [...]

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

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 [...]

Two-thirds of Foreign Firms Expect Weaker Sales on Virus

Two-thirds of Foreign Firms Expect Weaker Sales on Virus

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 [...]