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Smaller Manufacturers Log Biggest Output Drop in 9 Years

Smaller Manufacturers Log Biggest Output Drop in 9 Years

SEJONG, Nov. 5 (Korea Bizwire) — Small and midsize manufacturing firms in South Korea have suffered the sharpest drop in output in nine years in 2018 due mainly to a slump in the country’s automaking and shipbuilding sectors, government data showed Monday. Production by smaller manufacturers with fewer than 300 employees shrank 4.3 percent on-year [...]