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Nearly 8 in 10 S. Koreans Believe Social Media Leads to More Political Division: Survey

Nearly 8 in 10 S. Koreans Believe Social Media Leads to More Political Division: Survey

WASHINGTON, Dec. 6 (Korea Bizwire) — Nearly eight out of 10 South Koreans believe social media leads to more political division, with nearly as many people saying social media makes it easier for people to manipulate others, a survey showed Tuesday. However, more than 60 percent of those surveyed said social media is still a [...]

Imported Car Sales Jump 50 pct in Nov. Despite Chip Shortage

Imported Car Sales Jump 50 pct in Nov. Despite Chip Shortage

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 [...]

Institutions’ Foreign Securities Holdings Down 5 pct in Q3

Institutions’ Foreign Securities Holdings Down 5 pct in Q3

SEOUL, Dec. 2 (Korea Bizwire) — South Korean institutions’ investment in foreign securities shrank 5 percent in the third quarter due to estimated losses from their bond and stock holdings, central bank data showed Friday. The outstanding value of foreign securities held by local institutional investors stood at US$354.93 billion as of end-September, down $18.69 [...]

Imports of Leisure Equipment Up 2.5 pct Through Oct. amid Pandemic

Imports of Leisure Equipment Up 2.5 pct Through Oct. amid Pandemic

SEOUL, Nov. 30 (Korea Bizwire) — South Korea’s imports of camping and hiking equipment rose 2.5 percent on-year through October this year, data showed Wednesday, as more people enjoyed activities avoiding crowds amid the pandemic. The combined imports of leisure equipment, including camping and hiking gear, came to US$304 million in the January-October period, rising [...]