SEOUL, April 6 (Korea Bizwire) – Transactions of used cars in South Korea hit a record high in February, government data showed Wednesday, amid a protracted economic slump. A total of 283,875 second-hand cars were registered in February, marking the largest number in any past February results, according to the data compiled by the Ministry [...]
SEOUL, March 14 (Korea Bizwire) – More than 100,000 units of Samsung Electronics Co.‘s latest Galaxy S7 series smartphones were sold in South Korea over the first two days of their official launch, industry data showed Sunday. Sales of the Galaxy S7 and Galaxy S7 Edge reached a combined 60,000 on Friday and 40,000 on Saturday [...]
SEOUL, March 3 (Korea Bizwire) – While the retail sector in general is going through tough times amid the economic slowdown, convenience stores and online shopping websites — especially those dedicated to mobile users — are weathering the storm, with consistent double digit growth rates. Not surprisingly, there is a secret to their ability to outperform [...]
SEJONG, Jan. 19 (Korea Bizwire) - South Korea will start another round of nationwide discount events later this month in a bid to boost domestic consumption around the Lunar New Year’s holiday, the finance ministry said Tuesday. The so-called Korea Grand Sale will begin on Jan. 25 and run through Feb. 7 across the nation before [...]
SEOUL, Jan. 12 (Korea Bizwire) – Pantech Co., a struggling South Korean handset maker, said Tuesday it is targeting to post annual sales of 1.5 trillion won (US$1.23 billion) in 2018 by reforming itself and more aggressively tapping into new markets and business areas. Once South Korea’s No. 3 smartphone maker, Pantech was placed under [...]
SEOUL, Jan.11 (Korea Bizwire) – After the start of the new year, many are redecorating their homes, leading to booming sales for companies specializing in interior decor. According to the online shopping site GMarket, the sales of home decoration items and furniture doubled compared to last year. The phenomenon is seen to result from the [...]
SEOUL, Jan. 4 (Korea Bizwire) – The unusually warm weather has hurt retailers’ sales of everything from winter coats to snow boots, while boosting sales of outdoor sportswear and camping gear, industry officials said Monday. December was the warmest month on record in South Korea as an unusually strong El Nino effect has been heating [...]
SEOUL, Dec. 3 (Korea Bizwire) – Sales of Kia Motors Corp.’s new K5 midsize sedan are rising again after a brief slump, thanks to steady demand from young drivers, industry data showed Thursday. According to the data, Kia Motors, the second-largest car maker in the country, sold 6,929 units of the all-new K5 last month, the largest since its [...]
SEOUL, Dec.3 (Korea Bizwire) – While sales of domestic beer are declining at large supermarkets, foreign beer sales are rising rapidly. According to Emart, a large retailer, sales of domestic canned beer and PET bottled beer from January to November fell 2.2 percent and 6.4 percent respectively compared to the same period last year, but [...]
SEOUL, Dec. 2 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their sales in China continue to rebound from a deep trough on the back of firm demand for sports utility vehicles and new models, industry data showed Wednesday. The two leading South Korean carmakers sold a total of [...]