SEOUL, April 12 (Korea Bizwire) — With the price of gold surging in recent days, an increasing number of investors are buying actual gold products. According to industry sources, the value of gold bars sold through the nation’s four major banks during the period from April 1 to 6 stood at about 2.49 billion won [...]
SEOUL, April 10 (Korea Bizwire) — Traditional food once popular only among older generations is gaining popularity among the youth, including “yakgwa,” a deep-fried, wheat-based Korean confection. Yakgwa sales at convenience store chain CU between March 29 and April 5 jumped by 248.3 percent compared to last year. Its sales at GS25 also jumped by [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.3 percent last month from a year earlier due to decreased sales of German cars, an industry association said Wednesday. The number of newly registered foreign vehicles came to 23,840 units last month, down from 24,917 units a year ago, the [...]
SEOUL, April 3 (Korea Bizwire) — Sales of smartphones in South Korea fell 6 percent last year from a year earlier amid an economic slowdown, industry data showed Monday. Samsung Electronics Co., the world’s leading smartphone maker, saw its smartphone sales decline 2 percent on-year in its home country in 2022, while sales of Apple [...]
SEOUL, March 28 (Korea Bizwire) — Retail sales in South Korea grew 7.9 percent on-year in February on rising demand for fashion, tourism and other items as people increasingly adapted to post-pandemic life amid eased antivirus restrictions, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 13.1 [...]
SEOUL, March 28 (Korea Bizwire) — Despite the mask mandate having been lifted for public transportation, sales of masks have actually increased slightly. E-commerce operator TMON Inc. reported a 20 percent increase in mask sales between March 20-23 compared to the period between March 16-19. Social commerce platform Wemakeprice Inc.’s mask sales also jumped by [...]
SEOUL, March 28 (Korea Bizwire) — South Korean consumers are showing a stronger preference towards hybrids among the major models of domestic carmakers. According to Hyundai Motor Co., the cumulative sales of its Grandeur hybrid model based on the all-new Grandeur large-size sedan released at the end of last year reached 8,109 units in the [...]
SEOUL, March 9 (Korea Bizwire) — Low-income earners spent more on lottery tickets last year than in 2021, data showed Wednesday. Households with more than one household member across the country spent an average of 703 won buying lottery tickets each month, up by 1.4 percent from the previous year, according to the data from [...]
SEOUL, March 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 11 percent last month from a year earlier on improved supplies and new models, an industry association said Monday. The number of newly registered foreign vehicles stood at 21,622 units last month, up from 19,454 units a year ago, the Korea [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States rose 16 percent in February from a year earlier on robust sales of SUVs and eco-friendly models. Hyundai and Kia sold 122,111 vehicles in the world’s most important automobile market last month, [...]