SEOUL, Dec. 6 (Korea Bizwire) — South Korea’s Lotto, the most popular offline lottery ticket in the country, celebrated its 20th year of sales, which surpassed 5 trillion won (US$3.78 billion) last year, data showed Monday. A total of 7,803 people won first place in the lottery from Dec. 7, 2002, to Nov. 26 of [...]
SEOUL, Dec. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 50 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday. The number of newly registered foreign vehicles stood at 28,222 units last month, up from 18,810 units a year ago, the Korea Automobile [...]
SEOUL, Dec. 2 (Korea Bizwire) — Sales of electric vehicles (EVs) by Hyundai Motor Co. and its smaller affiliate Kia Corp. sank in the U.S. market last month from a month earlier, company data showed Friday, suggesting the new U.S. law on EV tax credits is affecting the demand. Hyundai sold 1,193 flagship IONIQ 5 [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean automakers saw their combined domestic electric vehicle (EV) sales surpass the 100,000 mark this year for the first time. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Korea Motors Co. and SsangYong Motor Co. — saw their combined EV sales reach [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]
SEOUL, Nov. 28 (Korea Bizwire) — Non-alcoholic and sugar-free zero-calorie drinks are gaining popularity in the liquor market as the pursuit of the so-called “healthy pleasure” lifestyle, in which people stay healthy by doing what they like, is becoming a new trend. Hite Jinro Co.’s alcohol-free Hite Zero 0.00 beer reached sales of 100 million [...]
SEOUL, Nov. 21 (Korea Bizwire) — As South Korea enters its first end-of-year season without any social distancing rules in three years, a growing number of consumers are looking for short jackets and long boots to stay warm this winter. Online shopping mall Gmarket analyzed the increase in winter apparel sales from Oct. 12-Nov. 13 [...]
SEOUL, Nov. 14 (Korea Bizwire) — An increasing number of consumers are attempting to eliminate depression and refresh themselves using their favorite fragrances after the onset of the COVID-19 pandemic. The home fragrance lines of the niche perfume brands Diptyque and Byredo saw their Nov. 1-10 sales rise by 20.4 percent and 28.1 percent, respectively, [...]
SEOUL, Nov. 10 (Korea Bizwire) — Department stores have reported strong sales thanks to the increase in outdoor activities resulting from the lifting of social distancing rules, but smaller stores have seen their sales stagnate. The nation’s retail sales amounted to 408.4 trillion won in the January to September period of this year, up 7.4 [...]
SEOUL, Nov. 7 (Korea Bizwire) — Kimchi made by luxury hotels is gaining popularity despite prices that are twice as high as similar products. Josun Hotels & Resorts, which sells 22 kinds of kimchi, saw its traditional side dish sales jump by 59 percent last year compared to a year earlier. Accumulated kimchi sales this [...]