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Imported Car Sales Rise 17 pct in Oct. amid Chip Shortage

Imported Car Sales Rise 17 pct in Oct. amid Chip Shortage

SEOUL, Nov. 3 (Korea Bizwire) – Sales of imported vehicles in South Korea jumped 35 percent last month from a year earlier despite the extended chip shortage, an industry association said Thursday. The number of newly registered foreign vehicles stood at 25,363 units last month, up from 18,764 units a year ago, the Korea Automobile [...]

Hyundai, Kia’s U.S. Sales Up 7.9 pct in Oct. amid Chip Shortage

Hyundai, Kia’s U.S. Sales Up 7.9 pct in Oct. amid Chip Shortage

SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor Co., its independent Genesis brand, and Hyundai’s smaller affiliate Kia Corp. sold a combined 123,233 vehicles in the world’s most [...]

Online Shopping Up 11.8 pct in Sept. on Travel Services

Online Shopping Up 11.8 pct in Sept. on Travel Services

SEJONG, Nov. 1 (Korea Bizwire) — Online shopping in South Korea advanced 11.8 percent on-year in September as the demand for travel services increased on eased COVID-19 restrictions, data showed Tuesday. The value of online shopping transactions came to 17.45 trillion won (US$12.2 billion) in September, compared with 15.6 trillion won tallied a year earlier, [...]

Retail Sales Up 7.5 pct in September amid Growing Outdoor Activities

Retail Sales Up 7.5 pct in September amid Growing Outdoor Activities

SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]

Real Estate Speculation by Foreigners on Rise in S. Korea

Real Estate Speculation by Foreigners on Rise in S. Korea

SEOUL, Oct. 28 (Korea Bizwire) — South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners’ home purchases, the land ministry said Friday. The portion of suspicious home purchases by foreigners rose to 1.21 percent, or 6,772 cases, out of the country’s total [...]

S. Korea’s Exports of Pet Products Reach Record High Through Sept.

S. Korea’s Exports of Pet Products Reach Record High Through Sept.

SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s pet product exports increased 56 percent on-year through September to set a new record, data showed Friday, as more people adopted pets to find comfort amid the COVID-19 pandemic. Outbound shipments of pet products reached US$116 million over the January-September period, surpassing $111 million posted for all [...]

76 pct of N. Korea’s Missile Tests Since 1984 Successful: Data

76 pct of N. Korea’s Missile Tests Since 1984 Successful: Data

SEOUL, Oct. 27 (Korea Bizwire) — More than three quarters of North Korea’s missile tests conducted since 1984 were deemed to be successful, data showed Thursday, in an apparent sign of progress in Pyongyang’s relentless push for advanced weapons systems. The U.S.-based James Martin Center for Nonproliferation Studies produced the data on the North’s testing [...]

More Than 400,000 Undocumented Immigrants in S. Korea: Data

More Than 400,000 Undocumented Immigrants in S. Korea: Data

SEOUL, Oct. 26 (Korea Bizwire) – The number of undocumented immigrants in South Korea has exceeded the 400,000 mark, data showed Tuesday. The Korea Immigration Service reported there were 2,172,000 foreigners residing in South Korea as of late September, up by 2.3 percent from August. Among them, 402,755 foreigners were undocumented and had failed to [...]