SEOUL, Aug. 1 (Korea Bizwire) — The popularity of traditional cigarettes is waning, as e-cigarettes have seen a significant boost in sales this year. The Ministry of Economy and Finance reported that cigarette sales reached 1.67 billion packs between January and June this year, which was a 0.6 percent decrease from last year. Among them, [...]
SEOUL, Jul. 21 (Korea Bizwire) — Sales of environment-friendly cars in South Korea jumped 30 percent in the first six months of the year on the back of strong demand for electric vehicles (EVs), industry data showed Sunday. The number of environmentally friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, sold [...]
SEOUL, Jul. 17 (Korea Bizwire) — Sales at South Korean duty-free stores hit a new half-year high, industry data showed Wednesday, on the back of the opening of new downtown shops and on-arrival duty-free shops here. The combined sales of local duty-free shops reached 11.66 trillion won (US$9.87 billion) during the January-June period, compared with [...]
SEOUL, Jul. 14 (Korea Bizwire) — Japanese automakers are expanding their presence in South Korea, industry data showed Sunday, as the popularity of their hybrid models is rising in the imported car market. According to data from the Korea Automobile Importers & Distributors Association (KAIDA) and automakers, Japanese auto brands took a 21.5 percent share [...]
SEOUL, Jul. 14 (Korea Bizwire) — Recreational vehicles (RVs) accounted for nearly half of South Korean carmakers’ domestic sales in the first half of the year, industry data showed Sunday. In South Korea, SUVs and minivans are included in the RV category. According to the data, the country’s five automakers, including Hyundai Motor Co. and [...]
SEOUL, Jul. 2 (Korea Bizwire) — The first quarter sales of Samsung Electronics Co.’s Galaxy S10 series smartphones were 12 percent higher than sales of the previous model, industry data showed Tuesday. According to industry tracker Counterpoint Research, 16 million units of the Galaxy S10 were sold between March and May, which was more than [...]
SEOUL, Jun. 26 (Korea Bizwire) – BMW AG said Wednesday it will further strengthen its luxury lineup to regain its leading status in South Korea after its sales plunged in the wake of engine fire incidents last year. On Wednesday, BMW began to sell the upgraded flagship 7 Series in the domestic market following the launches of [...]
SEOUL, Jun. 17 (Korea Bizwire) — Four out of 10 vehicles sold in South Korea from January to May were sport utility vehicles, reflecting growing demand for recreational vehicles, industry sales data showed Monday. In the first five months, domestic and imported carmakers sold 612,043 vehicles, with SUVs accounting for 42 percent, according to data [...]
SEOUL, Jun. 9 (Korea Bizwire) — Sales of environment-friendly cars in South Korea jumped nearly 28 percent in the first five months of the year compared with a year earlier on the back of strong demand for electric vehicles (EVs), industry data showed Sunday. The number of environment-friendly vehicles, such as hybrid electric, all-electric and [...]
SEOUL, May 20 (Korea Bizwire) — Hyundai Motor Co.’s sales of SUVs again exceeded those of sedans in the first quarter of the year amid rising global popularity of the vehicle type, according to company data on Monday. Hyundai Motor, South Korea’s top automaker, posted 4.39 trillion won (US$3.67 billion) in SUV turnover in the [...]