SEOUL, Nov. 9 (Korea Bizwire) — Some 170,000 units of Apple Inc.’s new iPhone models are estimated to have been sold in South Korea since its release here last week, industry data showed Friday. The number covers iPhone XS, Max and XR sales via the country’s three leading mobile carriers — SK Telecom Co., KT [...]
SEOUL, Nov. 6 (Korea Bizwire) — Hyundai Motor Co. and sister Kia Motors Corp., South Korea’s two leading automakers, are expected to undershoot their sales target this year in light of weak track records so far, industry sources said Tuesday. Hyundai and Kia sold a combined 6.09 million vehicles in the first 10 months of [...]
SEOUL, Oct. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea dropped 15 percent in September from a year earlier as fewer working days weighed on the monthly numbers, industry data showed Friday. The total number of newly registered foreign vehicles fell to 17,222 last month from 20,234 a year ago, the Korea [...]
SEOUL, Oct. 1 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Monday its September sales dropped 14 percent from a year earlier due to lower demand. GM Korea sold 34,816 vehicles last month, down from 40,264 units a year earlier, as local and overseas demand weakened, the company [...]
SEOUL, Sept. 27 (Korea Bizwire) — The market for secondhand cars in South Korea has expanded rapidly, doubling in just 10 years. Experts say the adoption of car diagnostic services and auction systems that have allowed consumers to have more faith in secondhand vehicles have contributed to the recent growth of the industry. Moreover, the [...]
SEOUL, Sept. 20 (Korea Bizwire) — U.S. Internet giant Google Inc. is estimated to have recorded sales of nearly 5 trillion won (US$4.6 billion) in South Korea last year, a South Korean professor said Thursday. “Google is estimated to have earned around 4.9 trillion won sales in South Korea last year,” said Lee Tae-hee, a [...]
SEJONG, Sept. 17 (Korea Bizwire) — Home appliance sales in South Korea reached a new high in July as the country was gripped by the worst heat wave in more than a century, government data showed Monday. The constant index for electronics sales came to 189.1 for July, the highest level since 2005, when related [...]
SEOUL, Sept. 6 (Korea Bizwire) — Sales of tumblers at local coffee franchises surged last month amid the government’s push to reduce the use of plastic cups and straws to protect the environment. Since last month, the government has been clamping down on coffee shops that provide drinks in disposable cups without first asking customers. [...]
SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]
SEOUL, Aug. 2 (Korea Bizwire) — Although instant noodles are not exempt from the low growth that the food industry is currently facing, demand for instant noodles has soared due to the increase in single-person households. According to the Korea Agro-Fisheries & Food Trade Corporation (aT), which analyzed sales data of instant cup noodles, the [...]