SEOUL, Dec. 27 (Korea Bizwire) — The aggregated revenue from South Korean performing arts soared in 2019 from a year earlier on rising demand for big-budget musicals, data showed Friday. The South Korean performance market posted a total of 226.9 billion (US$195.3 million) in sales from January to December, according to the data from the [...]
SEOUL, Dec. 23 (Korea Bizwire) — Christmas is just around the corner, a season when children are looking forward to receiving gifts or toys, but so too are ‘kidults’ (a compound word of kid and adult), adults who seek a child’s sensibility. According to major online shopping malls, the sales growth rate of items favored [...]
SEOUL, Dec. 23 (Korea Bizwire) — Wine sales accounted for a large portion of the liquor sold in the retail industry this year. Wine accounted for the largest portion of sales, surpassing that of local and imported liquor, for the first time, as Emart Inc., South Korea’s largest hypermarket chain, concluded its liquor sales from [...]
SEOUL, Dec. 20 (Korea Bizwire) — Revenue at Starbucks’ specialty coffee brand Reserve is up more than 70 percent on year, with more than 6 million cups served since the special stores were launched five years ago. Starbucks first introduced Starbucks Reserve store in 2014, and has been operating premium stores with an independent dedicated [...]
SEOUL, Dec. 15 (Korea Bizwire) — The demand for luxury cars in South Korea increased sharply in 2019 from a year earlier, data showed Sunday, despite the overall decrease in the sales of imported cars here. Sales of imported luxury cars with price tags of 300 million won (US$255,972) or higher reached 360 units over [...]
SEOUL, Dec. 13 (Korea Bizwire) — Major convenience stores have suspended sales of flavored e-cigarettes, industry sources said Friday, following the government’s warning against the use of such products for health concerns. On Thursday, the Ministry of Food and Drug Safety announced that substances suspected of causing severe lung injuries were detected in 13 e-cigarette [...]
SEOUL, Dec. 9 (Korea Bizwire) — Electricfied models reached over 40 percent of Hyundai Motor Co. and Kia Motors Corp.’s environmentally friendly vehicle sales in the January-October period, an automobile association said Monday. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, according to the data from [...]
SEOUL, Dec. 8 (Korea Bizwire) — Sport utility vehicles (SUVs) are the best-selling cars for South Korea’s two largest automakers, Hyundai Motor Co. and Kia Motors Corp., in the United States this year, sales data showed Sunday, as they plan to expand their SUV lineup. The two automakers under Hyundai Motor Group sold a combined [...]
SEOUL, Dec. 1 (Korea Bizwire) — Sales of Kia Motors Corp.’s K series midsized and large sedans are on course to reach a milestone with cumulative sales expected to exceed 5.5 million vehicles in 10 years since launching the brand, according to the carmaker Sunday. Kia Motors, which began selling the K7 large sedan in [...]
SEOUL, Nov. 5 (Korea Bizwire) — Imported car sales in South Korea rose 6.2 percent on-year last month helped by new models, but Japanese brands still struggled feeling the pinch of a boycott against Japanese goods amid trade tensions between Seoul and Tokyo, industry data showed Tuesday. The number of newly registered foreign vehicles rose [...]