SEOUL, Mar. 5 (Korea Bizwire) – The number of Samsung Electronics Co.’s Galaxy S10s that South Korean users have signed up for at local mobile carriers came to 140,000 units on the first day of registration, industry data showed Tuesday. The number of Galaxy S10′s first-day registration falls below that of the Galaxy S9′s 180,000 [...]
SEOUL, Feb. 21 (Korea Bizwire) – Samsung Electronics is estimated to have sold 1.08 million quantum dot light-emitting diode (QLED) TVs last year that saw the premium segment outpace organic LED (OLED) sales, the latest market analysis showed Thursday. According to IHS Markit, 2.68 million QLED TVs were sold worldwide in 2018, more than the [...]
SEOUL, Feb. 14 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain, said Thursday that it aims to raise its online sales by 30 percent this year, and open more convenience stores. The retail giant, part of Shinsegae Group, also will further nurture its warehouse store, E-Mart Traders. The company expects its sales for [...]
SEOUL, Feb. 11 (Korea Bizwire) — Mercedes-Benz outsold local carmakers to finish fourth in domestic sales in January, industry data showed Monday. The South Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places it fourth after Hyundai Motor (31.2 percent), Kia [...]
SEOUL, Feb. 7 (Korea Bizwire) — According to Shinsegae Department Store’s survey of sales of women’s lingerie during Valentine’s Day last year, sales grew 17.8 percent in two weeks, which was 10 times higher than the annual average. The department store reported on Wednesday that women’s under garments were as popular as chocolate when it [...]
SEOUL, Jan. 22 (Korea Bizwire) — Sales of Lotto tickets in South Korea reached an all-time high in 2018 though their growth slowed amid the absence of new sales outlets, the country’s lottery operator said Tuesday. Total Lotto sales are estimated at 3.97 trillion won (US$3.5 billion) for last year, up 4.4 percent from the [...]
SEOUL, Jan. 15 (Korea Bizwire) — Sales of brewed coffee at local convenience stores have increased as more South Koreans seek cost effective drinks in the face of rising consumer prices, industry data showed Tuesday. BGF Retail Co., the operator of South Korea’s largest convenience store chain, CU, said revenues from brewed coffee at its [...]
SEOUL, Jan. 14 (Korea Bizwire) — Sales at South Korean duty-free stores continued to show solid growth, reaching their highest-ever figure in 2018, despite a drop in Chinese travelers following a diplomatic row over the deployment of an advanced U.S. missile defense system here, industry data showed Monday. According to the data from the Korea [...]
SEOUL, Jan. 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, said Sunday that accumulated sales of its vehicles in China surpassed the 10 million unit mark in 2018. The milestone was reached 16 years after the company entered the key neighboring country, which has since become the largest market for new cars [...]
SEOUL, Jan. 13 (Korea Bizwire) — Whisky sales in South Korea fell for the 10th year in a row in 2018, industry data showed Sunday, amid changes in the country’s wining and dining culture, and a shorter workweek. Total sales of the distilled alcoholic beverage reached over 1.49 million boxes, down 6.2 percent from a [...]