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Auto Exports Dip by More than 20 pct in Sept. amid Chip Shortage

Auto Exports Dip by More than 20 pct in Sept. amid Chip Shortage

SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s exports of automobiles fell more than 20 percent last month, ending eight months of on-year growth, amid the extended global supply shortage of automotive chips and fewer working days, data showed Friday. Outbound shipments of automobiles reached 151,689 units in September, down 20.7 percent from a year [...]

Wine Imports Almost Double This Year amid Pandemic

Wine Imports Almost Double This Year amid Pandemic

SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s wine imports nearly doubled in the first eight months of 2021 from a year earlier as more people enjoyed drinking at home and alone amid the coronavirus pandemic, data showed Thursday. Asia’s fourth-largest economy imported US$370.5 million worth of wine in the January-August period, up 96.5 percent [...]

No. of Employment Insurance Subscribers in Service Sector Surpasses 10 mln for 1st Time in 26 yrs

No. of Employment Insurance Subscribers in Service Sector Surpasses 10 mln for 1st Time in 26 yrs

SEOUL, Oct. 12 (Korea Bizwire) — The number of state employment insurance subscribers in the service sector topped 10 million last month for the first time since the insurance scheme was introduced 26 years ago, government data showed Tuesday. According to the Ministry of Employment and Labor, more than 10 million service sector workers were [...]