SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 1 percent in 2022 from a year earlier amid a prolonged chip shortage. Hyundai and Kia sold a total of 1.47 million vehicles in the world’s most important automobile market last [...]
SEOUL, Jan. 4 (Korea Bizwire) — The South Korean art market surpassed 1 trillion won (US$782 million) in total sales for the first time in 2022 on strong sales of artworks through galleries and art fairs, the culture ministry said Wednesday. The trade volume of artworks increased 37.2 percent from 756.3 billion won in 2021 [...]
SEOUL, Jan. 4 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 24 percent last month from a year earlier despite the extended chip shortage, an industry association said Wednesday. The number of newly registered foreign vehicles stood at 29,640 units last month, up from 23,904 units a year ago, the Korea Automobile [...]
SEOUL, Dec. 29 (Korea Bizwire) — Retail sales in South Korea grew 8.4 percent on-year in November on the back of major shopping events and growing demand for foodstuff and other items during the World Cup, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers came to 14.8 trillion [...]
SEOUL, Dec. 23 (Korea Bizwire) — Sales of South Korea’s service industry increased 10.5 percent on-year in 2021 on the back of leisure and communication businesses, data showed Friday. Service sector sales came to 2,814 trillion won (US$2.2 trillion) last year, compared with 2,547 trillion won tallied in 2020, the data compiled by Statistics Korea [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korean confectionary maker Orion Corp. said Thursday its Vietnam subsidiary, Orion Food Vina Co., has posted over 400 billion won (US$313.8 million) in sales in the first 11 months of the year, the most since its establishment in 2005. The subsidiary posted 406.7 billion won in sales in [...]
SEOUL, Dec. 16 (Korea Bizwire) — IKEA Korea saw its sales fall this year due to the spread of COVID-19 and a drop in home sales, the first such decline after eight years of continuous growth in its South Korean operations. According to company data, the South Korean arm of the Swedish furniture maker’s sales [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean e-commerce company Interpark Corp. said Tuesday its sales of plane tickets more than tripled in November from a year earlier on the back of pent-up demand for travel. Interpark said sales of plane tickets booked on its website amounted to 121.2 billion won (US$92.8 million) in November, [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. have broken the 200,000 mark in cumulative electric vehicle (EV) sales in the European Union, industry data showed Sunday. According to the European Automobile Manufacturers’ Association (ACEA), Kia had sold 200,984 EVs in the European market as of late October 2022. [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s offline bookstores, led by large bookstores, saw their 2021 sales rise year on year, data showed Thursday. The nation’s offline bookstores recorded combined revenues of 1.39 trillion won (US$1.05 billion) last year, up 19.5 percent from a year ago, according to a report by local market research [...]