SEOUL, Mar. 29 (Korea Bizwire) — South Korea’s industrial output rose for the fourth consecutive month in February on the back of increasing semiconductor production, but retail sales fell amid high inflation, data showed Friday. Industrial output increased 1.3 percent on-month last month, following a 0.4 percent rise the previous month, according to the data [...]
SEJONG, Oct. 31 (Korea Bizwire) — South Korea’s industrial output for September posted its biggest drop in 19 months due to a fall in auto and electronic parts production, government data showed Wednesday, raising concerns that the economy is on the brink of a slowdown. Production in the mining, manufacturing, gas and electricity industries backtracked [...]
SEJONG, March 31 (Korea Bizwire) – South Korea’s industrial output jumped at the fastest pace in nearly four years in February, government data showed Friday. Production in the mining, manufacturing, gas and electricity industries moved up 6.6 percent last month from a year earlier, marking the highest on-year gain since January 2013, when it posted [...]
SEJONG, Oct. 31 (Korea Bizwire) – South Korea’s industrial output dropped in September to snap a four-straight month rise on a slump in auto output and mobile devices, a government report showed Monday. Production in the mining, manufacturing, gas and electricity industries fell 2 percent last month from a year ago, according to the report [...]
SEOUL/SEJONG, Nov. 27 (Korea Bizwire) - Weak exports are starting to impact industrial output and business investment in South Korea, the country’s top economic policymaker said Friday. Chairing the meeting of foreign economy-related ministers in Seoul, Finance Minister Choi Kyung-hwan said outbound shipments in October plunged at the sharpest rate in more than two years. “This [...]
SEJONG, May 29 (Korea Bizwire) – South Korea’s industrial output dropped at a faster clip in April than a month earlier, a government report showed Friday, escalating concerns over the performance of Asia’s fourth-largest economy. According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries was down 1.2 percent [...]
SEJONG, May 12 (Korea Bizwire) — South Korea’s major economic indicators are showing signs of slow improvement, signaling the economy is pulling out of a funk during the fourth quarter of last year, the finance ministry said Tuesday. The ministry, however, cautioned that Asia’s fourth-largest economy remains gripped by such external uncertainties as a weak Japanese [...]