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Philips Delivers Q1 Sales of EUR 4.2 Billion, with 2 pct Comparable Sales Growth; Income from Continuing Operations Increased to EUR 171 Million and Adjusted EBITA Margin Improved to 8.8 pct

Amsterdam, NETHERLANDS, Apr. 29 (Korea Bizwire) – First-quarter highlights • Sales in the quarter amounted to EUR 4.2 billion, with 2% comparable sales growth • Comparable order intake increased 2% • Income from continuing operations increased to EUR 171 million, compared to EUR 94 million in Q1 2018 • Adjusted EBITA margin was 8.8% of [...]

K-pop Sales on eBay Jump by 50 pct Thanks to BTS

SEOUL, Apr. 19 (Korea Bizwire) – South Korean boy band sensation BTS’s new album, “Map of the Soul: Persona,” is sweeping across music charts in the United States, the United Kingdom, and Japan. The BTS fever is also hot on eBay, where K-pop related goods have recently seen a surge in popularity eBay Korea announced [...]

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

SEOUL, Apr. 19 (Korea Bizwire) — Hyundai Motor Group’s first-quarter sales in China fell for the fifth year in a row, reeling from the aftermath of a diplomatic row and increasingly competitive alternatives from Chinese automakers, company data showed Friday. In the January-March quarter, Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a [...]

Duty-free Sales Breach 2 tln Mark in March

SEOUL, Apr. 15 (Korea Bizwire) — Sales at South Korean duty-free stores hit a new monthly high in March to breach the 2 trillion-won (US$1.76 billion) mark for the first time, industry data showed Monday, despite a recent Chinese regulation placed on small-scale vendors. The combined sales of local duty-free shops reached 2.16 trillion won [...]

Popularity of Premium Home Appliances Soars

SEOUL, Apr. 8 (Korea Bizwire) — With an increasing number of ‘homebodies’, those who enjoy spending most of their time at home, it has become clear that large and multifunctional household appliances are gaining significant popularity. Emart Inc., South Korea’s leading discount chain operator, announced on Sunday that the share of 65-inch TV sales exceeded [...]

Ratio of Sedans Falls to Below 50 pct in March on SUV Demand

SEOUL, Apr. 3 (Korea Bizwire) — The ratio of sedans in South Korea’s domestic vehicle sales fell to below 50 percent for the first time last month due to higher demand for sport utility vehicles, industry data showed Wednesday. Sales of passenger vehicles such as sedans, SUVs and vans fell 1.7 percent to 114,383 units [...]

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

SEOUL, Mar. 31 (Korea Bizwire) — Overseas sales of Choco pie, Bibigo Mandu and Shin Ramen all exceeded 300 billion won (US$263.8 million) last year, a milestone for South Korean food producers that have strived to expand into new markets amid tanking demand at home, industry data showed Sunday. The three products, often referred to [...]

Sales of K-dramas Up 15 pct On-year at Hong Kong Fair

SEOUL, Mar. 25 (Korea Bizwire) — Sales of Korean dramas and films rose around 15 percent at a major international content fair in Hong Kong last week compared with a year earlier, a South Korean government agency said Monday. A total of 25 Korean content sellers recorded a total of US$16.6 million in sales during [...]

Sales of Golf Equipment Soar Despite Severe Air Pollution

SEOUL, Mar. 18 (Korea Bizwire) — With spring just around the corner in South Korea, the warm weather is attracting people to engage more in outdoor activities, boosting sales of golf equipment. Despite severe air pollution that has blanketed the Korean peninsula in recent months, and undermined sales of outdoor sports gear, golf equipment has [...]

S. Korean Luxury Sedan Sales Jump Twofold on New, More Competitive Models

SEOUL, Mar. 10 (Korea Bizwire) — Domestic sales of South Korean luxury cars jumped some twofold in recent months thanks to demand for new cars and more competitive models, industry data showed Sunday. According to the findings by the Korea Automobile Manufacturers Association (KAMA), sales of the Genesis G90 and Kia K9 flagship sedans reached [...]