Industrial output of South Korea grows by 13.7% this January

Industrial output of South Korea grows by 13.7% this January

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Asia Bizz: South Korea is having a gala time in its industrial sector, as the entire output during the month of January has grown by almost 13.7%. It is really good news for South Korea, as this is the 19th straight month the industrial sector output has grown consistently, and this is nothing less than promising hopes for the nation.

Contributing to the increase, the mining sector too has made its share credible and this is a major contribution to the economy and the growth of the country. The increase in output has been noticeable since the month of July 2009 and since then it has been consistently developing.

Automotive and semi-conductors manufacturing industries have grown too, thus there has been negotiable growth. Audio and video manufacturing industries have been hampered, for they have performed poorly in the market and provided less contribution to the economy. Production too has risen by 4.9% owing to the industrial output.