SEOUL, Jul. 24 (Korea Bizwire) — South Korea accounted for around 10 percent of Samsung Electronics Co.’s combined sales last year, similar to the previous year’s figure, reflecting the tech giant’s expanding presence overseas, its report showed Monday According to the business report released by Samsung Electronics, 20.2 trillion won (US$18 billion) of its combined [...]
WASHINGTON, April 3 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States drop 11 percent in March as sales of some best-selling models slumped, industry data showed Monday. The two South Korean auto giants sold a combined 118,694 units in the U.S. last [...]
ALPHARETTA, Ga., Mar. 8 (Korea Bizwire) — Aptean, a leading global provider of industry-focused mission critical enterprise software solutions, has announced Fusion5, a business applications company with offices in Australia and New Zealand, as the recipient of its 2016 Partner of the Year Award. The Aptean Partner of the Year Award recognizes outstanding sales achievement [...]
SEOUL, Jan. 18 (Korea Bizwire) – Department stores are counting more on their top-spending VIP customers to keep their businesses going, sales figures indicated Wednesday, as consumption drops across all consumer segments due to the slowing economy. Retail statistics showed that a handful of high spenders continue to account for approximately 20 percent of total [...]
SEOUL, Jan. 2 (Korea Bizwire) – Hyundai Motor Group has set its sales target at 8.25 million cars this year, the group chairman said Monday. The annual target marks a 1.5 percent increase from the 2016 target of 8.13 million. South Korea’s largest automotive group has yet to release its actual sales for 2016, but [...]
SEOUL, Sept. 22 (Korea Bizwire) – South Korean companies suffered a setback in sales, but their profitability improved in the second quarter compared to a year earlier, central bank data showed Thursday. Combined sales in local firms with assets worth over 12 billion won (US$10 million) fell 1.9 percent in the April-June period from a [...]
SEJONG, July 11 (Korea Bizwire) – South Korea’s government on Monday said it will ban sales and revoke certifications of dozens of Volkswagen models that are suspected to have passed the local authentication process with doctored reports. The Ministry of Environment said it has received an official request for cooperation from the Seoul Central District [...]
SEOUL, May 18 (Korea Bizwire) – On May 17, Emart reported that its online sales had increased by more than 50 percent compared to last year, as a result of the company’s ‘Ultimate Lowest Price’ project. Under this initiative, certain products are sold at prices lower than those found at both offline and online markets. [...]
SEOUL, May 10 (Korea Bizwire) – Sales of high-heel shoes are on the decline as Korean women are increasingly seeking shoes with lower heels. According to Kumkang, a major shoemaker in Korea, high heels (taller than 7cm) accounted for only 54 percent of its women’s footwear sales in 2015. The figure was 83 percent in [...]
SEOUL, May 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, has sold more than 4 million cars in India since its advance into the market about 20 years ago, industry data showed Tuesday. Hyundai Motor opened its local corporate body in India in 1995, with its first plant there going into operation [...]