SEOUL, Oct. 6 (Korea Bizwire) — Mercedes-Benz ranked third in September sales after Hyundai Motor Co. and Kia Motors Corp., beating three other domestic carmakers, industry data showed Sunday. The German carmaker sold 7,707 vehicles in the Korean passenger car market last month, a whopping rise from 1,943 units a year earlier, according to data [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Friday their combined sales in China plunged 16 percent in the January-August period amid little sign of a recovery. In the first eight months, Hyundai and Kia sold a total of 555,943 vehicles in China, down from 662,442 units [...]
SEOUL, Sept. 29 (Korea Bizwire) — Sales of eco-friendly autos in South Korea surged 22 percent in the first eight months of the year, driven by demand from fuel-conscious consumers and hefty state subsidies, industry data showed Sunday. According to the data compiled by the Korea Automobile Manufacturers Association (KAMA), 69,834 eco-friendly cars were sold [...]
SEOUL, Sept. 25 (Korea Bizwire) — Ever since all restrictions on the use of liquefied petroleum gas (LPG) powered vehicles were lifted in March, sales of LPG cars are on the rise. The Korea Automobile Manufacturers Association reported that LPG car sales set a new record this year after 12,433 cars were sold in July, [...]
SEOUL, Sept. 25 (Korea Bizwire) — Sales at South Korean duty-free stores hit a new monthly high in August, industry data showed Wednesday, on the back of Chinese vendors who buy products in large quantities and resell them back home. The combined sales of local duty-free shops reached 2.18 trillion won (US$1.82 billion) last month, [...]
SEOUL, Sept. 24 (Korea Bizwire) — Hybrid electric vehicles (HEV) are becoming part of a new eco-conscious trend in the South Korean automobile market. The high fuel efficiency and low noise typical of hybrid vehicles are leading to higher demand among consumers despite a recent government decision to cut off all subsidies starting this year. [...]
SEOUL, Sept. 17 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has sold over 1 million Galaxy Note 10s in South Korea, making it the fastest Samsung smartphone to reach the milestone. Sales of the Note 10, released only in 5G model in the domestic market on Aug. 23, surpassed the milestone 25 days [...]
SEOUL, Sept. 16 (Korea Bizwire) – Online transactions of cosmetics are expanding as the entire distribution industry is increasingly leaning towards online platforms in South Korea. Statistics Korea and the cosmetics industry reported that online transactions of cosmetics products reached 6.6 trillion won (US$5.6 billion) between January and July, up 20 percent since last year. Cosmetics sales [...]
SEOUL, Sept. 13 (Korea Bizwire) — Sales of Hyundai Motor Co.’s independent brand Genesis models jumped 57 percent in the United States in the January-August period from a year earlier, the carmaker said Friday. Hyundai sold 13,350 Genesis vehicles in the world’s most important automobile market in the first eight months, up from 8,490 units [...]
SEOUL, Sept. 4 (Korea Bizwire) — Imported vehicle sales in South Korea fell 5.6 percent last month due to a slump in sales of Japanese vehicles amid trade tension with Japan, industry data showed Wednesday. The number of newly registered foreign vehicles stood at 18,112 in August, down from 19,206 a year earlier, according to [...]