SEOUL, Jan. 20 (Korea Bizwire) – The dishwasher is emerging as a must-have home appliance for South Korean households. Shinsegae Department Store said Sunday that sales of dishwashers soared 323.2 percent last year. Considering that sales of household appliances grew 20.4 percent last year, the growth in sales of dishwashers is overwhelming. Sales of dishwashers [...]
SEOUL, Jan. 12 (Korea Bizwire) — Sales of eco-friendly SUVs, including ones powered by hydrogen, jumped last year as fuel and environment-conscious customers increasingly opted for such cars, industry data showed Sunday. According to the Korea Automobile Manufacturers’ Association (KAMA), some 48,700 eco-friendly SUVs were sold here last month, accounting for 8.5 percent of the [...]
SEOUL, Jan. 9 (Korea Bizwire) — Sales of sport utility vehicle models in South Korea hit a record high last year as carmakers strengthened their SUV lineups to meet rising demand for recreational vehicles, industry data showed Thursday. For the whole of 2019, the country’s five automakers, including Hyundai Motor Co. and Kia Motors Corp., [...]
SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Department Store, one of South Korea’s leading retailers, said Tuesday that its outlet in Gangnam, an affluent area in southern Seoul, reported 2 trillion won (US$1.7 billion) in accumulated sales last year. It marks the first time for a single department store branch to achieve the milestone, the [...]
SEOUL, Jan. 6 (Korea Bizwire) — Imported car sales in South Korea fell 6.1 percent in 2019 from a year earlier as Japanese brands struggled with a boycott amid trade tensions between Seoul and Tokyo, an industry association said Monday. The number of newly registered foreign vehicles fell to 244,780 units last year from the [...]
SEOUL, Jan. 6 (Korea Bizwire) — Hyundai Motor Co. said Monday that it sold over 50,000 Palisade sport utility vehicle models in the domestic market last year, helping buoy the carmaker’s annual sales. For the whole of 2019, 52,299 Palisades were sold here following its launch in January, Hyundai sales data showed. Some potential SUV [...]
SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Co. said Friday it shipped more than 6.7 million Galaxy 5G smartphones last year, solidifying its top dog status in the global 5G handset market. With solid shipment performance, Samsung said it accounted for 53.9 percent of the global 5G smartphone market as of November 2019, citing [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s passenger vehicle sales fell 3.8 percent last year as an economic slowdown weighed on demand for their models at home and abroad, industry data showed Thursday. For all of 2019, the five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. [...]
SEOUL, Jan. 2 (Korea Bizwire) — A recent study has revealed that one third of South Korean biotechnology companies have yet to make a single sale. According to a survey conducted by the Korea Biotechnology Industry Organization, 231 out of 786 biotech companies, or 29.4 percent, were in the pre-sales phase as of 2018. Even [...]
SEOUL, Dec. 29 (Korea Bizwire) — The sales of SUVs in Europe by South Korea’s top two carmakers — Hyundai Motor Co. and Kia Motors Corp. — may hit a record high, probably surpassing the 500,000-unit mark, aided by its diversified portfolio and strong demand, industry sources said Sunday. According to the sources, the two [...]