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 [...]
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 [...]