SEOUL, Apr. 16 (Korea Bizwire) — Foreigners-only casinos are showing better sales this year after a big dip last year caused by China’s retaliation over a diplomatic row, industry data showed Monday. Sales in January and February reached 204.78 billion won (US$191.56 million), up 15.9 percent from the same period last year, according to the [...]
SEOUL, Jan. 29 (Korea Bizwire) — Sluggish iPhone X sales rumors are adversely affecting earnings forecasts for South Korean electronic parts suppliers, market watchers said Sunday. Local stock market and industry watchers said earnings estimates for chipmakers SK hynix Inc. and Samsung Display, as well as LG Display and LG Innotek, have been downgraded for [...]
SEOUL, Jan. 5 (Korea Bizwire) — Sales of beauty products for children rose last year, industry data showed Friday, as a growing number of girls are starting to wear makeup at an early age. The data provided by SK Planet Co., the operator of local e-commerce platform 11st, showed that sales of such products on [...]
SEOUL, Nov. 24 (Korea Bizwire) — Sales of Apple Inc.’s latest high-end smartphone began Friday in South Korea with hundreds of consumers lining up at stores to buy the iPhone X. The 64 GB iPhone X costs 1.36 million won (US$1,237), while the 256 GB version is 1.55 million won. Local users will be able [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea saw shipments of electronic cigarettes soar this year on their growing popularity among smokers amid a tumble in sales of conventional tobacco, government data showed Sunday. According to the data from the finance ministry, shipments of electronic cigarettes, including Phillip Morris’ IQOS and British American Tobacco’s Glo, [...]
SEOUL, Oct. 30 (Korea Bizwire) — Chinese vehicle sales in South Korea remained weak due to lack of sales networks and unproven product quality, a local automobile association said Monday. Zhonghan Automotive Co., a South Korean importer of vehicles from BAIC Yinxiang Automobile Co., began to sell the midsize Kenbo 600 SUV in South Korea [...]
SEOUL, Oct. 25 (Korea Bizwire) — The preferred bidder for cash-strapped Dongbu Daewoo Electronics is set to be selected in the near future, industry sources said Wednesday, with candidates including both local and overseas firms. According to the sources, NH Investment & Securities Co., which oversees the deal, is currently conducting due diligence with candidates. [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korean pharmaceutical firm Samsung Bioepis Co. saw its sales of biosimilar products released in Europe hit US$257 million through the third quarter of this year, data showed Wednesday. Samsung Bioepis said the sales of Benepali released in Europe came to $253 million over the January-September period, compared with [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s ice cream sales have declined in the past few years in the face of fewer children and the growing popularity of alternatives, such as ice coffee and shaved ice, a report said Tuesday. Per capita annual consumption of ice cream fell to 58 servings in 2015 from [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s top 30 conglomerates have seen their sales growth and profitability worsen over the past six years amid increased costs, a report showed Thursday. Per capita sales of 164 listed companies belonging to the leading business groups fell at an annual average rate of 1.8 percent between 2011 [...]