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S. Korea’s Industrial Output for September Posts Sharpest Drop in 19 Months

S. Korea’s Industrial Output for September Posts Sharpest Drop in 19 Months

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 [...]

South Korea’s Industrial Output Shoots up 6.6 Percent in February

South Korea’s Industrial Output Shoots up 6.6 Percent in February

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 [...]

S. Korea’s Industrial Output Dips 2 Pct On-Yr in Sept.

S. Korea’s Industrial Output Dips 2 Pct On-Yr in Sept.

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 [...]

Weak Exports Impacting Industrial Output and Investments

Weak Exports Impacting Industrial Output and Investments

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 [...]

Faster Industrial Output Drop Escalates Concerns over Korea’s Economy

Faster Industrial Output Drop Escalates Concerns over Korea’s Economy

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 [...]

Korea’s Economic Indicators Show Signs of Recovery

Korea’s Economic Indicators Show Signs of Recovery

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 [...]